Tag: Benchmark value
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Reduction in benchmark values cause of revenue shortfall — Minority
The Minority in Parliament is blaming the reduction in benchmark values at the country’s ports as a major contributory factor to the shortfall in the government’s revenue. Ranking Member of the Finance Committee of Parliament, Cassiel Ato Forson explains that the policy has not yielded the needed revenue six months into its implementation. The Vice…
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Drop in benchmark values : Smugglers to face prosecution – GRA
The Ghana Revenue Authority (GRA) has stressed that it will not spare any importer who smuggles goods into the country in a bid to avoid paying the required taxes on their products. The caution follows the implementation of revised benchmark values on imports. The government believes the move should help reduce smuggling of goods into…
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GRA rejects spare parts dealers’ high tax claims
The Ghana Revenue Authority (GRA) has rejected claims the charging of benchmark value on spare parts is to blame for the gradual rise in the prices of the goods. The GRA explains that the tax has since 2015 been canceled with the implementation of the single window platform. The comment by the Authority follows threats…