Tag: GRA
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Ghana Link and Customs Division of GRA retrain stakeholders on ICUMS
The Ghana Link Network Services Ltd. in collaboration with Customs – Division of the Ghana Revenue Authority, GRA, have begun another round of refresher training for users of the Integrated Customs Management System (ICUMS). The training, which is currently ongoing in the Northern part of Ghana, is expected to cover Northern, Savanah, and Upper East…
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Make tax compliance less burdensome for MSMEs – PEF to Gov’t
The Private Enterprise Federation (PEF), has asked government to adopt a tiered tax system to reduce the tax burden on businesses, especially Micro, Small and medium sized enterprises in the country. According to PEF, this will help government generate adequate revenue, encourage voluntary tax compliance and reduce the cost of tax administration in the country.…
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Don’t recruit young graduates to top positions – Organised Labour to GRA
Organised’s Labour is calling on the Ghana Revenue Authority (GRA) to desist from recruiting young graduates to the position of Chief Revenue Officers (CROs) and Assistant Commissioners (ACs) of the Authority. According to them, most of the young graduates lack the qualification requirements and years of experience required for one to merit such ranks in…
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GRA optimistic of meeting GHS42.7 billion target despite missing half-year target
Acting Commissioner General of the Ghana Revenue Authority, GRA, Amishaddai Owusu Amoah, has revealed it is implementing effective and efficient strategies and systems in order to exceed the revised tax revenue target set by government in the 2020 mid-year budget. This comes after it missed its half-year target by 6.9%. It will be recalled that…
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ICUMS accrues over GHS4.6 billion revenue from March to August 2020
The newly Integrated Customs Management System (ICUMS) is said to have raked in over GHS4.6 billion in revenues at the country’s various entry points as at the end of August 2020. This comes after the system, also known as UNIPASS, successfully processed more than 193,000 Bills of Entry (BOEs) from Custom house agents and freight…
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Twenty out of 24 banks in Ghana paid GRA GHS1.6 billion as corporate tax in 2019
Twenty (20) out of the twenty (24) banks licensed in Ghana by Bank of Ghana in 2019, paid a total direct tax of GHS1.6 billion, which also include the five per cent national fiscal stabilization levy to Ghana Revenue Authority (GRA), the agency mandated by law to assess collect and account for tax revenue on…
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UNIPASS Implementation: GRA debunks claims of not meeting revenue target at Tema Port
The Ghana Revenue Authority, GRA, has refuted claims that the Tema Collection of the Customs Division failed to meet its revenue target by 45% due to the deployment of the Integrated Customs Management Systems at the Tema port. According to GRA, the Customs Division on average collects GHS 942 million cedis monthly, and the average…
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Thousands secure TIN in Central Region to benefit from COVID-19 stimulus package
A total of 24,135 Tax Identification Number (TIN) applications have been processed and certificates issued to respective small and micro enterprise (SME) applicants by the Small Taxpayer Office of the Ghana Revenue Authority (GRA) in the Agona West Municipality and its adjoining districts of the Central Region. Mr. Abdul-Rahman Musah, Manager of Small Taxpayer Office…
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Tackling tax-related disputes: Revenue Administration Bill goes through 2nd reading stage
Individuals or organizations that have issues with tax decisions made by the Commissioner General of the Ghana Revenue Authority, GRA, should be able to seek redress when the Revenue Administration (Amendment) Bill, 2020 comes into force. The Bill will also allow for the payment of a shortfall in tax liability due to omissions or misstatements,…
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No need to raise taxes in Mid-year budget; collection must improve – Tax Analyst
A Tax Analyst, Timore Francis Boi, has said there will be no justification for government to introduce new taxes or increase existing tax rates in the mid-year budget statement scheduled to be delivered in July. He says government must rather restructure the tax system to improve collection from areas that have been neglected for long,…