Ghana Revenue Authority

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

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

Wontumi2Business
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…
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E-VAT Pilot Emboldens Gov’t To Expand Tax Net
11 Jul

E-VAT Pilot Emboldens Gov’t To Expand Tax Net

Wontumi2Business,
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has revealed that results from the pilot phase of the e-VAT are encouraging; and that the Ghana Revenue Authority (GRA) is eager to ride on its success to widen the tax net. According to him, government is leveraging digitalization – including initiatives such as the e-VAT, e-Levy and Ghana.gov among others – to expand the tax net, eliminate leakages and close the tax gap. “Results from the e-VAT pilot phase supplemented by physical monitoring by GRA staff are truly revealing. The initial results have emboldened us to expand…
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GRA Clarifies Upfront Payment Policy For VAT At Ports
09 Jun

GRA Clarifies Upfront Payment Policy For VAT At Ports

Wontumi2Business
The Ghana Revenue Authority (GRA), recently announced the introduction of an upfront payment of 12.5% on the customs values of VAT registerable imports at the various entry ports of the country. However, the Ghana Revenue Authority has clarified that this is not a new tax, but a tool to ensure VAT compliance among importers of goods. Speaking with Kennedy Mornah on the Eye on Port TV program, officials of the Ghana Revenue Authority indicated that the primary goal of this measure is to ensure that importers of VAT-taxable goods register. They also revealed that the compliance intervention is also to ensure the integrity of the tax…
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We Can Take Property Rates – GRA
08 Jun

We Can Take Property Rates – GRA

Wontumi2Business,
Ghana Revenue Authority (GRA) has described as untrue suggestions by the Chamber for Local Governance (ChaLoG) in a statement on May 31, 2023, that property rates can only be collected by the District Assemblies. It said Section 124 of Act 936 as cited by the ChaLoG, spoke to revenue of district assemblies but made no reference to the District Assemblies collecting revenues on their own. A statement issued by the GRA and copied to the Ghana News Agency in Accra said that same section said nothing about the Metropolitan, Municipal and Districts Assemblies (MMDAs) not allowing other state agencies to assist…
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GRA Touts Success Of Invigilation Exercise
02 Jun

GRA Touts Success Of Invigilation Exercise

Wontumi2Business
The Ghana Revenue Authority has touted the successes of its ongoing VAT invigilation exercise that it has embarked on. The exercise which began in the last quarter of 2022, is a demonstration of one of the many tools to check tax compliance and enforce tax responsibilities. One may spot a GRA official at a couple of big supermarkets verifying the books of these commercial operators. According to Chief Revenue Officer, Joseph Ajeikwei Annan, through the exercise, GRA has recovered a lot of revenue owed to the state through Value Added Tax, citing cases of millions of cedis recovered from a single taxpayer…
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GRA Closes 6 Businesses, 2 Managers Busted
24 May

GRA Closes 6 Businesses, 2 Managers Busted

Wontumi2Business
Officials of the Ghana Revenue Authority (GRA) have arrested two Chinese, and shut down six businesses in Accra for failing to issue Value Added Tax (VAT) invoices to customers. The affected companies are: Computer Land Ghana Limited, dealers in computers and accessories, and Hiang Vegetables and Fruits Chinese Supermarket, both at Osu. Emelijo Enterprise, a shop that sells disposables at La Wireless; U-Fresh Company Limited, a beverage manufacturing company owned by some Chinese, and Sulas Enterprise, dealers in power generating sets and construction machinery. The last company is Mahalia Kollection, a clothing shop at Spintex. These companies are part of some 93…
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Dr. Bawumia Proposes Modified Taxation Regime For Informal Sector
26 Aug

Dr. Bawumia Proposes Modified Taxation Regime For Informal Sector

Kakra NunuFeatured, News
Officials of the Ghana Revenue Authority have been urged to design and implement a modified taxation system for the large informal sector of Ghana’s economy in order to make it easier for them to fulfil their tax obligations to the State. Vice President Mahamudu Bawumia, who made the call on Wednesday, 25 August 2021 said even as Government strives to create a conducive environment to simplify the tax assessment and reduce the cost of compliance to large tax payers, there is also the need to simplify enforcement and compliance at the retail and micro level. “This group includes most of…
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Tax Assessment, Payment App In The Offing – VP Bawumia Reveals
26 Aug

Tax Assessment, Payment App In The Offing – VP Bawumia Reveals

Kakra NunuBusiness, Featured, , ,
The Ministry of Finance and the Commissioner General of the Ghana Revenue Authority, working with the Economic Management Team, have initiated work on a mobile application for the filing of taxes, the Vice President, Dr Mahamudu Bawumia has revealed. This is part of measures being made to make tax compliance and enforcement easier, and increase the contribution of domestic revenue to the nation’s GDP. “I am happy to announce that the mobile application for the simplified filing of taxes should be ready by end of October this year. The idea is to have a mobile app where an individual or…
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Sam Korankye Ankrah Told To Pay Tax On $1Million Cash Gift By NPP Activist
22 Jul

Sam Korankye Ankrah Told To Pay Tax On $1Million Cash Gift By NPP Activist

Kakra NunuFeatured, News, ,
General Overseer for the Royal House Chapel International, Sam Korankye Ankrah, has been told to show courage by encouraging his daughter to pay tax on the $1million cash gift she received on her wedding day.  Nana Oteatuoso Kokobeng II in an interview on Wontumi TV stated that eyes were watching the actions and opinions would be formed based on the actions of Sam Korankye Ankrah regarding the issue.  https://youtu.be/RkGOj88Mk8c He informed the man of God to “get the courage to pay the tax on the gift. You keep changing your words, it makes your sermons very weak. I won’t condemn you but people are watching your actions.”  The…
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GRA To Establish Tax Court To Determine Tax Evasion Cases
23 Apr

GRA To Establish Tax Court To Determine Tax Evasion Cases

Wontumi2Business
The Ghana Revenue Authority (GRA) has planned to establish a tax court to deal with tax evasion prosecution cases as part of its intensive debt collection drive and prosecution of defaulters. Rev Ammishadai Owusu-Amoah, Commissioner-General of GRA, who announced this at the opening session of a 3-day management retreat in the Eastern Regional capital, Koforidua, on Thursday, said plans for setting up the Court were far advanced. He said the prosecution of tax cases would go on alongside intensive public education on payment of taxes, adding: "We are of the view that education must transform into compliance and if that…
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