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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 .
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.
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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.
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient.
2023 in Ghana. 1 language. Français; ... Upload file; Special pages; ... Get shortened URL; Download QR code; Print/export Download as PDF; Printable version; In ...
In September 2009 members of the Executive Council of the CITG called on recently elected President John Atta Mills, who is himself an expert on taxation.Mills talked of the need for local tax experts to be motivated, and said "We would rely and utilize the store of knowledge that you have so that together we can build a better Ghana.
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]