President Nana Akufo-Addo has promised to resolve all challenges confronting Importers and Exporters in Ghana. The president made this statement when the Importers and Exporters Association paid a courtesy call on him at the Flagstaff House in Accra. The Importers and Exporters had earlier made numerous calls on government to reduce most especially the numerous … Read more
Senior Minister Nominee, Yaw Osafo Marfo, has described some taxes as nuisance. According to him, these taxes serve as a hindrance to production and more so the efforts of even doing the collection is not worth it. He made this known when he appeared before the Vetting Committee of Parliament on Friday. Osafo Marfo who … Read more
The Appointments Committee of Parliament is taking the issue of tax returns seriously, and so ministerial nominees who are found to have defaulted in filing same risk being disqualified, Sampson Ahi, a member of the committee, has said. “The constitution has stipulated that you should be a Ghanaian before you can become a Member of … Read more
Ghana Stock Exchange has called on the incoming government to review the capital gains tax The Ghana Stock Exchange has called on the incoming government to review the capital gains tax. The tax which took effect on January 01, 2016 is part of the new Income Tax Law 2015. It is paid when one makes … Read more
Apple has filed an appeal against a European Union ruling that it should pay up to €13bn (£11bn) in back taxes in the Republic of Ireland. In August, the EU ruled Apple’s tax arrangements in Ireland were illegal, and demanded the record penalty. The tech giant says it has been singled out and was “a … Read more
The Ghana Revenue Authority (GRA) has announced it will begin rolling out a new policy which will see Ghanaian tax evaders denied access to passports, driver’s license and visas. The policy is expected to commence from the 1st of January 2017. The GRA’s roll out of the new policy follows the implementation of the revised … Read more
The Ghana Revenue Authority (GRA) has announced it will begin rolling out a new policy which will see Ghanaian tax evaders denied access to passports, driver’s license and visas. The policy is expected to commence from the 1st of January 2017. The GRA’s roll out of the new policy follows the implementation of the revised … Read more
Finance Minister Seth Terkper has revealed that government will lose about GHS1billion if some new taxes introduced are scrapped. The minister who dispelled accusations that he tax-happy indicated that the taxes imposed by government were necessary to streamline the tax base to correspond with global business changes. He explained that government will remove some of … Read more
The Deputy Minority Leader, Dominic Nitiwul has said he is not convinced that President John Mahama paid taxes on the Ford vehicle he received as a gift from the Burkinabe Contractor, Djibril Kanazoe According to him, claims by the Commission for Human Rights and Administrative Justice (CHRAJ) that the president satisfied all laws were not … Read more
Little did we know that the President and Congress will cause the rebirth of private tax collection agencies (PCAs) to partner the Internal Revenue Service (IRS) in collecting tax bills from delinquent debtors. Congress passed the $305 billion, 5 Year Infrastructure Spending Bill now the Fixing America’s Surface Transportation Act (FAST Act) on December 3, … Read more
Ghana loses nearly $2.1 billion dollars to tax evasion and incentives annually, reveals a study carried out by the Integrated Social Development Centre (ISODEC), a civil society organisation. According to the study, which was conducted on behalf of the National Coordinating Council of the Public Services International (PSI), there was the loss of revenue in … Read more