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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.
[3] [4] He made this known in the 2022 budget statement and economic policy that was read in the parliament of Ghana. [5] 1.75% is the rate of the E-levy which the Government decided to apply on all transactions. [1] [6] [7] [8] Ken Ofori-Atta said it could raise about $1.15billion which will widen the tax net. [9]
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. [31]
The institute began operating as a professional body in 1978, and the Ghana Institute of Taxation was incorporated as a limited company on 2 May 1980. It became the Chartered Institute of Taxation on 8 February 2001. As of 2011 a draft bill was in the works to incorporate the CITG through act of parliament. [2]
National Information Technology Agency. Its mandate includes identifying, promoting and developing innovative technologies, standards, guidelines and practices among government agencies and local governments, as well as ensuring the sustainable growth of ICT via research & development planning and technology acquisition strategies to facilitate Ghana's prospect of becoming a technology-driven ...
Income Tax Act 1976, a Statute of New Zealand; Income Tax Act 1985, an Act governing income taxes in Canada since 1917, with the current version enacted in 1985. The Income-tax Act, 1961, an Act of the Parliament of India; Individual Income Tax Act of 1944, an Act raising income tax in the United States
The poll tax ordinance was abolished 1861 [5] because ; 1. The tax collectors were selected by the British 2. Corrupt officials 3. The people in response said their chiefs didn't inform them before the law was passed leading to Chiefs losing respect . 4. Improper record keeping 5. Failure of the British to protect the coastal areas from the ...
A patent according to section 1 of the Patent Act, is the right to protect an invention. [15] In the Massachusetts Circuit Court ruling in the patent case of Davoll et al. v. Brown, Justice Charles L. Woodbury wrote that "only in this way can we protect intellectual property, the labors of the mind, productions and interests are as much a man's own...as the wheat he cultivates, or the flocks ...