Tag: Ghana Revenue Authority
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Tax relief for Covid-19 Trust Fund donors won’t affect Gov’t revenue – Tax Analyst
Tax Analyst William Demetia, says granting tax reliefs to companies that have donated towards the National Covid -19 Trust Fund, will not in any way affect government’s revenue target for the year. The GRA says the policy will also affect companies that are yet to make a donation. So far, some Trust Fund has received…
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50% Benchmark value is still applicable – GRA
The Ghana Revenue Authority has dismissed reports that it has been directed by the Ministry of Finance to reverse the 50% benchmark value on imports. According to the Authority, the benchmark value policy also known as the discount policy continues to be implemented as originally announced by His Excellency, the Vice President, Dr. Alhaji Mahamudu…
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Parliamentary approval needed to reverse 50% reduction in benchmark value – MP
A member of the Constitutional, Legal and Parliamentary Affairs and Judiciary Committee of Parliament, Rockson-Nelson E.K. Dafeamekpor, has asked the Ministry of Finance to seek parliamentary approval before directing the Ghana Revenue Authority, GRA, to reverse the 50% benchmark value reduction. He says the move will be an illegality if it is implemented, as it…
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We won’t hesitate to prosecute corrupt GRA officials – Prof. Stephen Adei
Board Chairman of the Ghana Revenue Authority (GRA), Prof. Stephen Adei, has asked staff and stakeholders of the Authority to eschew corrupt practices in their line of work. Speaking at a thanksgiving ceremony to celebrate the achievement of the Authority in meeting its 2019 revenue target of GHS43 billion, he urged the staff to view…
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GRA denies embarking on recruitment exercise
The Ghana Revenue Authority says it is not conducting any mass recruitment exercise for its Customs Division contrary to notices making rounds on some social media platforms. A statement issued by the office of the Commissioner-General said the Authority wishes to emphatically debunk the notices further calling on the public to ignore such messages. “The…
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Fire service brings GRA office blaze under control after hours long battle
Personnel from the Fire Service have brought the blaze at the Ghana Revenue Authority (GRA) office near the Kwame Nkrumah Interchange under control after an over two-hour battle. The fire is said to have started around 8 am and though the service’s personnel were at the scene quickly, upset eyewitness noted that it took over an hour…
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We’ll review all existing tax systems in 2020 — Ofori-Atta
Finance Minister Ken Ofori-Atta has revealed government’s intentions of reviewing the country’s existing tax systems to introduce more private sector-led solutions in the revenue mobilisation efforts ahead of the 2020 budget presentation next week. Mr. Ofori-Atta’s comment follows the inability of the Ghana Revenue Authority (GRA) to meets its domestic revenue mobilisation targets in the…
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Misunderstanding caused GRA to lock our office — Pasico Ghana responds
Pasico Ghana Limited has said the recent shut down of its offices by the Ghana Revenue Authority could be blamed on a dispute regarding the treatment of VAT transactions. The company which had its offices sealed off by the tax authority on October 24, 2019, denies that it has defaulted in its tax obligations over…
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Revenue targets may be too optimistic — Ofori-Atta explains GH¢5 billion shortfall
The Finance Minister Ken Ofori-Atta has described the government’s revenue target set over the past four years as somewhat over-ambitious given that tax compliance has generally not performed beyond expectations. The government’s revenue target for July 2019 fell short by GHS5 billion; prompting concerns from the International Monetary Fund (IMF) that the government needs to…
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GIHOC makes last minute payment to avoid office closure over GH¢128 million tax default
GIHOC Distilleries, a state-owned enterprise, had to make a last-minute payment to the Ghana Revenue Authority to prevent its office from being shut down due to an outstanding tax obligation to the state. The Special Revenue Mobilization Taskforce of the tax-collecting agency in its routine checks on companies as part of efforts to increase tax…