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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.
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 .
In Germany employers are required to pay salary tax (Lohnsteuer) for their employees which is an advance payment on the income tax. The employer is liable for the salary tax [16] but the employee has to pay it. [17] In most situations it is not mandatory to file taxes as the salary tax can cover the whole income tax.
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.
The top income tax and corporate tax rates are 25%. Other taxes included with value-added tax (VAT), are the national health insurance levy, and a capital gains tax. The overall tax burden was 12.1% of Ghana's total domestic income in 2013. Ghana's national budget was the equivalent of 39.8% of GDP in 2013. [32]
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Ongoing — COVID-19 pandemic in Ghana 4 November: 2024 Ghanaian general election : Vice-President Mahamudu Bawumia is nominated by the country 's ruling New Patriotic Party as their presidential candidate.
Ghana's healthcare funding is derived from multiple sources, such as the national budget, locally generated resources, contributions from NGOs and philanthropic organizations, external development partners and donors, payroll taxes, the NHIS levy, premiums from the informal sector, private health insurance, and out-of-pocket expenses.