01
May
The Ghana Revenue Authority (GRA) will today, Monday, May 1, 2023, implement the new and revised taxes, which were introduced in the 2023 Budget. The revised taxes include the Excise Amendment Act, of 2023; the Income Tax Amendment Act, of 2023, and the Growth and Sustainability Levy Act, of 2023. According to GRA businesses were given ample time to configure their systems for the taxes since the laws were passed. The Excise Duty Amendment Act has been expanded to cover some items and commodities that were previously not captured, which may result in increased prices for processed fruit juice, cigar,…