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As of 2011 a draft bill was in the works to incorporate the CITG through act of parliament. [2] The CITG and the Chartered Institute of Taxation of Nigeria (CITN) were the co-founders of the West African Union of Tax Institutes (WAUTI), launched in May 2011, with the objective of developing and promoting the taxation profession in West Africa. [3]
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]
An asset depreciation at 15% per year over 20 years [1] In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which ...
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 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.
A decade ago, the SEC was a football-first conference. Today, it is unquestionably the strongest basketball conference in the country.
DVLA was established in 1999 by Act 569 of Ghana's parliament. [1] The act allowed the authority to have a semi-autonomous status in the public sector organisation under the Ministry of Transport. The authority is responsible for ensuring safety on Ghanaian roads. The authority before the enactment of the DVLA Act was called Vehicle Examination ...
WASHINGTON (Reuters) -U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, Biden senior advisor for ...