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 […]
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 […]
