Ghana Revenue Authority Archives

17 May

GRA Refutes Claims Of Import Duties Being Calculated In Dollars

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The Ghana Revenue Authority (GRA) has denied allegations that import duties are calculated in dollars, calling such claims "misleading." Eric Boateng, President of the Automobile Dealers Union, raised concerns about the impact of duties on second-hand car importers, suggesting during an interview on the Citi Breakfast Show with Bernard Avle on May 15 that these duties are imposed in dollars. In a statement released on May 17, the GRA urged the public to disregard these allegations, clarifying that duties and taxes are calculated in Ghana cedis as stipulated in the Customs Act 2015 (Act 891). "The claims that GRA calculates…

25 Apr

KPMG Audit Report Reveals GRA-SML Deal Resulted In ¢2.45bn In Tax Revenues

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An audit report conducted by KPMG revealed that the revenue assurance contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) has led to a notable increase in state tax revenue. According to the report, the contract contributed to a substantial rise in volumes, resulting in a recorded increase of 1.7 billion liters, consequently generating tax revenue amounting to GH¢2.45 billion for the State. Additionally, the report highlighted qualitative benefits, such as the implementation of 24/7 electronic real-time monitoring of outflow and partial monitoring of inflows of petroleum products at depots where SML installed flowmeters. The report also…

24 Apr

GRA Clarifies Taxation Of Foreign Incomes Of Resident Ghanaians

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The Ghana Revenue Authority (GRA) has issued a clarification regarding its decision to impose taxes on the foreign incomes of resident Ghanaians, citing legal provisions outlined in the Tax Act 2015 (Act 896). In a statement released on Monday, April 22, the GRA defended its decision and outlined the criteria for individuals subject to the tax, including citizens with permanent homes in Ghana, those residing in the country for at least 183 days within a 12-month period, and government employees or officials stationed abroad. The decision to tax foreign incomes comes in response to the suspension of the Value Added…

21 Dec

Ride-Hailing Vehicle Owners To Pay Value Income Tax From January 1

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The Ghana Revenue Authority (GRA), has notified ride-hailing vehicle owners of a new tax policy, known as the Value Income Tax (VIT) which will take effect from January 1. In a notice issued by the Authority, it said the levy is in accordance with Section 22 of Regulations 2016, LI 2244 which indicates that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly.” The Authority, therefore, urged ride-hailing companies operating in Ghana – Uber, Yango and Bolt – to update their digital platforms to incorporate the new tax requirements. The…

07 Dec

We’ve Not Accessed Any US$75 Million Loan From Any Bank – GRA Claps Back At Adongo

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The Ghana Revenue Authority (GRA) has squashed claims made by the Member of Parliament for Bolgatanga Central Constituency, Isaac Adongo, that it was acquiring a loan of US$75 million without parliamentary approval. In a statement sighted by GhanaWeb Business, the revenue arm of government stated categorically that it has not accessed US$75 million loan from any bank. GRA further said it had the intention of securing a loan facility to embark on a major capital expenditure project in 2022 but rescinded the decision after writing to the Ministry of Finance. “We wish to categorically state that the Ghana Revenue Authority has not accessed any US$75 million loan…

24 Oct

We’re Indebted To Ghana Revenue Authority For Unpaid Taxes – Sol Cement Admits

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Chinese cement manufacturing firm, Sol Cement, has acknowledged its indebtedness to the Ghana Revenue Authority for failing to honour its tax obligations. In a press release sighted by GhanaWeb Business, it said it is committed to resolving the matter in a responsible and timely manner. It further said relevant tax authorities have been engaged to develop a structured repayment plan that aligns with their financial capabilities and ensure their tax obligations were met. Sol Cement's comment comes after the revenue arm of government closed the manufacturing firm for tax default amounting to more than GH¢700 million. “We acknowledge that we are indebted to the Ghana…

14 Sep

GRA Seals One Shop, Invite Nine Owners Over Tax Infractions

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Officials of the Enforcement Unit of the Ghana Revenue Authority (GRA) has invited nine shop owners for questioning and sealed one shop for noncompliance as part of its efforts to ensure voluntary Value Added Tax (VAT) compliance. The GRA expects that all suppliers of taxable items, goods, or services, issue VAT invoices as required by law, and in the same vein, the customer is required by law to obtain an invoice if such transactions attract VAT. Mr Joseph Annan, Area Enforcement Manager of Ghana Revenue Authority (GRA) in charge of Accra Central, addressing the media, said it was an infringement…

28 Aug

GRA Must Intensify Tax Collections From ‘Night Market’ Operators, Extractive Industry – Coalition

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The Chairman of the Tax Justice Coalition (TJC), Vitus Azeem, has urged the Ghana Revenue Authority to capitalize on operators of “night market” businesses into the tax net. Night market operators include nightclubs, lounge bars, night shopping centers, artisans, and grocery shops that work at night. This was part of the suggestions the coalition made to the Authority to enable the expansion of the tax net. He made various propositions including the amendment of the vehicle tax component, enforcement of tax collection from the extractive sector, and also the intensification of public education. Speaking at a news conference on the topic: “An…

16 Aug

GRA Continues Swoop On VAT Infractions

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The Ghana Revenue Authority (GRA) is continuing its arrest and clamp-down on non-compliant VAT businesses. In that vein, managers of some four business firms – Legacy Hotel, North Kaneshie; Kegali Hotel at Sakaman Estates; Mascot Hotel in Dansoman; and Silver Cloud 68 supermarkets at Mamprobi – were arrested and invited by the GRA to assist in investigations pertaining to non-issuance and selective issuance of VAT receipts. Head of Accra Central Enforcement Unit of the GRA, Assistant Commissioner Joseph Annan, during an enforcement exercise in Accra said the operations will continue till full compliance is achieved. The GRA, Mr. Annan said, will conduct…

24 Jul

GRA Explores Deployment Of Mobile Portal To Ease Transfer Pricing Documentation Submissions

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Moses Yidana, Head of the Transfer Pricing Unit at the Ghana Revenue Authority (GRA), has revealed that the Authority is exploring the deployment of a mobile portal to enable taxpayers submit their transfer pricing (TP) documentations via mobile phones. Last year, the GRA introduced an online portal that allowed taxpayers to file their transfer pricing returns from anywhere, thus simplifying the process and eliminating manual submissions at GRA offices. Speaking during a UK- Ghana Chamber of Commerce (UKGCC) and PwC Ghana webinar on “Taxing Multinational Enterprises (MNEs) Through Effective Transfer Pricing”, Mr. Yidana remarked that these measures are aimed at reducing the…