Tag Archives: TAX

Property owners in the country have been encouraged to start paying property rate with the birth of the Unified Property Rate Platform. According to vice President Dr Mahamudu Bawumia, one of the problems Ghana has faced in the area of revenue generation since independence is that only about nine per …

Tullow Oil plc (Tullow) has announced that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in respect of two disputed tax assessments received from the Ghana Revenue Authority (GRA). The assessments relate to the disallowance of loan interest deductions for the …

The Ghana Revenue Authority (GRA) has apprehended two top executives of two companies in the Eastern Region for allegedly producing and distributing products with a falsified and altered excise tax stamp of the Authority. The two were the directors of J. H. Riches Company, situated in Nkurakan and producing and …

A Manhattan, New York jury has found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records connected to a 15-year scheme to defraud tax authorities by failing to report and pay taxes on compensation for top executives.   The Trump Corporation and Trump …

Seventeen private jet owners, including Nigerian billionaires, leading commercial banks, and other ultra-high net worth individuals have sued the Nigerian government over import duties totaling more than N30 billion ($67.5 million). The legal action, which is part of efforts to prevent the government from grounding their planes, comes after the …

The Ghana Union of Traders Association (GUTA) has described as unfortunate the 2.5 per cent increment in Value Added Tax (VAT). According to GUTA, this is a clear departure from the promise the government made to stakeholders during the budget hearings. At the said meetings, the government made it clear …

President of Ghana Pentecostal and Charismatic Council (GPCC), Reverend Paul Frimpong-Manso, has said he does not support the call for government to tax offerings and tithes collected by the various Christian bodies. Rather, he said, government should strengthen the Ghana Revenue Authority (GRA) to identify churches that operate businesses on …

The Director General of the Customs Division of the Ghana Revenue Authority, Colonel Kwadwo Damoah, has been implicated by the National Security in another case of alleged tax evasion. In a confidential document reported by Starrfm.com.gh, the then Deputy National Security Coordinator, Edward Asomani, in October 2021, wrote to the …

Parliament has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the realisation of shares listed on the Ghana Stock Exchange for five years. Mr. Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament moved for the …

Actress, Lydia Forson has contradicted Gabby Asare Otchere-Darko’s claim that Ghanaians do not want to pay taxes. The leading member of the ruling New Patriotic Party (NPP) in a social media rant, Monday, mentioned that less than GH¢60million out of GH¢600million expected E-Levy revenue had been realized two months after the implementation …