Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means that gross winnings from all betting, gaming, lotto and other games of chance will be subjected to a 10 per cent withholding tax which will be considered as a final […]
The Ghana Revenue Authority (GRA) will start the imposition of an upfront 12.5 per cent Value Added Tax (VAT) on the customs value of taxable goods at all ports of entry with effect from Tuesday, June 6, this year. The development will affect importers of taxable goods who are not registered to charge VAT. It […]
Six business operators, including two Chinese, have been arrested in Accra for failing to issue Value Added Tax (VAT) invoices to customers. Although the identities of the arrested persons were not disclosed, their businesses were given as Computer Land Ghana Limited, dealers in computers and accessories, and Hiang Vegetables and Fruits Chinese Supermarket, both at […]
The Electricity Company of Ghana (ECG) has disconnected the Ho Airport in the Volta Region for owing the power distribution company GH¢63,000. The regional office of the Ghana Revenue Authority, Ho Technical University, KFC in Ho, and the Customs Excise and Preventive Service (CEPS) Training Academy in Kpetoe were disconnected for owing a combined sum […]
The Ghana Revenue Authority (GRA), in collaboration with the Ministry of Local Government, Decentralisation and Rural Development and the Lands Commission, has collected data required to bill all properties in the country. The list and details of more than 8.87 million properties, codified into the Unified Common Property Rate Platform, also known as Myassembly.gov.gh, to enable property […]
Recent decision by the Ghana Revenue Authority (GRA) to implement the Electronic Value Added Tax (E-VAT) E-VAT payment has brought some benefits to the country. The Electronic Value Added Tax (E-VAT) certified invoicing system has been designed to provide the Ghana Revenue Authority (GRA) with visibility into taxpayer transactions never before realised in the history […]
The South African government has urged mobile operator MTN Group and the Ghana Revenue Authority to work closely to resolve a GH¢8,209,603,842.14 (US$773 million) tax dispute. South Africa’s Minister of International Relations and Cooperation, Dr Naledi Pandor last Friday encouraged MTN to work closely with the authorities in Ghana to devise a solution. A media statement issued by […]
Companies that under-declare their incomes and also use other dubious means to evade taxes will face the full rigours of the law, the Attorney-General (A-G) and Minister of Justice, Godfred Yeboah Dame, has warned. In an exclusive interview with the Daily Graphic last Tuesday, he said tax evasion, avoidance and under-declaration of income were pervasive […]
Some firms that were expected to deploy the Electronic VAT system for prompt tax assessment by the Ghana Revenue Authority are failing to comply, more than a week after the implementation of the new system. This according to the GRA is due to fears that many of them will be exposed, as the right tax […]
The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Colonel Kwadwo Damoah, (retired) has reacted to report by the Special Prosecutor that stated that a member of the Council of State had used her position to get a favourable decision from the Customs Division of GRA, which led to a reduction in the […]
The government has lost nearly GH¢9 billion in revenue from taxes generated on imported goods as a result of the reduction in the benchmark values in the last three years. The amount was lost between April 2019, when the implementation of the policy started, and March this year when it was reviewed. The discount policy […]
The Ghana Revenue Authority has announced its decision to commence the operationalization of the E-levy from May 1 in a modified-phased approach. This follows the results of an assessment carried out by the GRA to test the general readiness of some charging entities to integrate with the E-Levy management system. The new development is a […]
