Tag Archives: TAX

PLAY VIDEOClick Here to Watch in Twi Pierre Laporte, World Bank Country Director     World Bank worries about Ghana’s tax exemptions Ghana should cut down its expenditure – Pierre Frank Laporte World Bank gave Ghana US$430 million to fight COVID-19 Pierre Frank Laporte, the World Bank Country Director, has said, …

Ghana has announced some tax incentives to 29 Belgian investors exploring business opportunities in the country. The Deputy Minister of Trade and Industry, Mr Herbert Krapa, in a keynote address at an information session on Business Opportunities in Ghana, said the incentives include renewable corporate tax holiday of five years …

Deputy Majority Leader, Alexander Afenyo-Markin, has said that the electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%. According to him, the reduced charge was captured in the revised version of the 2022 budget submitted by the Finance Minister, Ken Ofori-Atta on Tuesday. Speaking on PM …

Information reaching Rainbowradioinline.com indicates that the Ghana Revenue Authority in collaboration with relevant stakeholders such as the Financial Intelligence Unit, Economic and Organized Office (EOCO), and the National Investigations Bureau (NIB) formerly known as BNI are set to launch full-scale investigations against some popular companies in Ghana. Per the information …

Tax experts have expressed concerns over Value Added Tax (VAT) revenue underperformance, saying government is not reaping the needed and expected benefits due to some challenges associated with the tax regime. With the present VAT regime, which came into force in 2018, companies are no longer charged a standard rate …

• Implementation of rent tax will kick off by end of this year • Rent tax must be paid within 30 days after the rent income is received by landlords or property owners • Payment of the rent tax can be made at the nearest Domestic Tax Revenue Division Office …

  The Ghana Revenue Authority (GRA) will from today move its tax payment systems online. This is part of the GRA’s digitisation effort aimed at making it more convenient for taxpayers to meet their tax obligations and also prevent tax evasion. The digital applications currently in place ensure that taxpayers …

Four persons accused of evading tax to the tune of GH¢1.6 billion cedis, have appeared before an Accra Circuit Court. Frank Kwadwo Ofori, Chief Executive Officer of K. Ofori Enterprise and three other officials of United Steel Company, namely Hani Mikati, Marwam Hamwi and Sallam Mohammed Gharib are said to …

The Ghana Revenue Authority, GRA, will begin prosecution of tax offenders this year as part of the broader strategy to engender tax compliance and maximize revenue collection. GRA launched its prosecution Policy in 2019. The Authority went ahead to table request before the Chief Justice to set up a dedicated …

  The Ghana Revenue Authority(GRA) has served notice of ceasing the acceptance of personal and corporate cheques for payment of taxes and customs duties, effective June 1, 2021. “Existing cheques that have already been received for the payment of Duties and Taxes shall continue to be presented to the Banks. …