Tag: GRA
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GCNet supports Ghana @60 with 250,000 cedis
The Ghana Community Network Services Limited (GCNet), has donated 250,000 cedis to the Planning Committee of the Ghana at 60 Years On. The contribution is geared at supporting the activities of the committee for the Independence celebrations. According to GCNet, the gesture is to demonstrate its patriotism and deepen its position as a leading public…
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Scrap VAT on real estate, financial services, import levies, et al – Analyst
A tax consultant, Eric Amponsah Boateng has outlined four key taxes he wants the government to scrap in its first budget. They include the 5% VAT on real estate, import levy, fiscal stabilization levy and the 17.5% VAT on financial services. Speaking ahead of the presentation by Finance Minister Ken Ofori Atta this morning, Mr.…
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GRA Leadership: Blankson out, Nti in
Banker and Economist, Mr. Emmanuel Kofi Nti has been appointed as the new Commissioner General of the Ghana Revenue Authority (GRA). He takes over from George Blankson. Mr. Emmanuel Kofi Nti who started his career as an Economist with the Bank of Ghana where he worked in the Development Finance, Rural Banking, Banking Supervision and…
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Rent revenue increases by over 4000% in 2016 – GRA
Government’s revenue from rent increased by more than 4000 percent between 2015 and 2016, the Ghana Revenue Authority (GRA) has said. The amount collected increased from GH¢145,434.51 to GH¢6,739,107.76 between the period. According to the GRA, revenue from excise recorded the worst performance as it dropped by 91.75 percent within the one year period. Revenue…
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We’ll prosecute defaulting taxpayers in mining sector – GRA
Suppliers of mining equipment in Ghana who default in filing tax returns risk prosecution if they fail to reconcile with the Ghana Revenue Authority (GRA). It follows plans by the GRA to clamp down on defaulting tax payers especially in the mining sector, this year. Under the law, mining companies are entitled to refunds of…
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GRA closes down Packplus Ltd for owing GH¢2.6m
The Special Revenue Mobilisation Task force of the Ghana Revenue Authority (GRA) has closed down PackPlus International Limited over tax default between 2013 and 2015. The company has defaulted in paying its taxes between the three year period amounting to GH¢2,642,874.17. The action carried out on Wednesday, is in fulfillment of the provisions of Section 34…
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New tax law must reconsider focus on informal sector – Analyst
Adopting modern revenue collection systems and efficient use of tax revenue should be a priority for the GRA if it is to broaden its tax base. This is the advice from some tax analysts. The suggestion follow what the analysts believe is a drawback in attempts to widen the tax net and increase government’s revenue.…