Value Income Tax

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…