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The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [1] [2]As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
The goal was to streamline training of tax practitioners in the country. He noted the importance of such training, and said the law would eventually require that all tax practitioners had gone through a full course in taxation. [4] The CITG conducts examinations twice a year. In 2011 it was undertaking a major review of the syllabus.
On 17 November 2021, Ken Ofori-Atta said the Government of Ghana decided to tax all electronic transactions in the informal sector to cover the tax net. [3] [4] He made this known in the 2022 budget statement and economic policy that was read in the parliament of Ghana.
Ghana has a universal health care system, National Health Insurance Scheme (NHIS), which is strictly designated for Ghanaian nationals. [193] Health care is variable throughout Ghana and in 2012, more than 12 million Ghanaian nationals were covered by the NHIS. [ 194 ]
The Internal Revenue Service of Ghana is the Government of Ghana agency responsible for the mobilization of tax for the government. [ 1 ] It was merged to the Ghana Revenue Authority as a result of the Ghana Revenue Authority Act of 2009.
Value-added tax is a consumption tax administered in Ghana. The tax regime that started in 1998 had a single rate but since September 2007 entered into a multiple rate regime. In 1998, the rate of tax was 10% and amended in 2000 to 12.5%. The top income tax and corporate tax rates are 25%.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
A poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of the poll tax. Poll taxes are administratively cheap because ...