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 […]
All is set for the Electronic Transactions Levy (E-Levy) to take off on Sunday, as scheduled. The Ghana Revenue Authority (GRA) and the three charging entities – banks and specialised deposit-taking institutions (DFIs), electronic money issuers (EMIs) and telecommunications companies (telcos) – have put in place the relevant systems and mechanisms to start collecting 1.5 […]
The Minister of Finance, Ken Ofori-Atta, has urged taxpayers to file their tax returns for 2021 with the Ghana Revenue Authority (GRA) by the end of April 2022 to ensure compliance with the tax laws and promote revenue mobilisation. His call, he explained, was in line with the Income Tax Act 2015 (Act 896) and […]
The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy). According to the Authority, as of May 1, fast approaches, and the entities designated to make such deductions are prepping themselves to ensure that the new tax policy is implemented smoothly. A Head of Compliance, Domestic Tax […]
The Ghana Revenue Authority (GRA) will soon launch a tax filing mobile application to enable the public to file tax returns and also receive tax clearance certificates. The Vice-President, Dr Mahamudu Bawumia has explained that the App will help to deal with fake take clearance certificates in the system. The Vice President who was speaking at […]
The Ghana Revenue Authority (GRA) has started the implementation of six tax reliefs introduced by the government to lighten the tax burden on businesses and the citizenry. The reliefs are to cushion taxpayers against COVID-19-induced challenges and quicken the recovery to sustain and create jobs. They include the exemption of people whose annual incomes are […]
Efforts to increase revenue mobilisation are yielding the needed results, with data showing that the Ghana Revenue Authority (GRA) beat its target for last year by GH¢265.39 million. The authority collected GH¢57.32 billion in revenue in 2021, against the target of GH¢57.055 billion, mainly as a result of plugging the loopholes for tax avoidance by […]
The Ghana Revenue Authority (GRA) has stepped up efforts to ensure that all tax defaulting companies honour their obligations to the state in order for the authority to meet its revenue target for the year. Consequently, the authority has ordered seven directors of three companies to report to its Domestic Tax Division for discussions on […]
The Minister for National Security, Mr Albert Kan-Dapaah has urged staff and management of the Ghana Revenue Authority (GRA) to address revenue leakages, particularly at key revenue generating points in the country to help safeguard Ghana’s economic security. Revenue leakages, he said, occur with the complicity of some staff of the GRA who he described […]
General Overseer for the Royalhouse Chapel International, Sam Korankye Ankrah, has described the $1 million gift given to his daughter on her wedding day as a ‘faith cheque’. This comes after the Ghana Revenue Authority (GRA), in a letter sighted by Myjoyonline.com summoned Naa Dromo Korankye-Ankrah for tax returns on her wedding gift. However, explaining the motive […]
The affixing of tax stamps on alcoholic and non-alcoholic beverages has grown exponentially since its introduction about four years ago. From an initial 28.5 million tax stams affixed in 2018, the number increased to 38.5 million the following year and 70.2 million in 2020, with managers of the project projecting to affix some 90 million […]
