Tag: tax exemption
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2020 Budget: Statement to feature tax policies, expenditure rationalization
The Finance Minister, Ken Ofori-Atta, will today present to Parliament what is considered to be a critical budget of the incumbent government as the country goes into an election next year. One of the major highlights of the budget will be some pronouncements on taxes; as well as efforts to ensure that government’s economic gains…
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GRA to stop tax evasion with new exemptions law
The Ghana Revenue Authority is to review the country’s tax exemption laws to address revenue losses. The GRA is concerned that the wholesale exemptions have resulted in exploitation where some beneficiaries eventually evade taxes completely. The comments also come at a time where the government is enforcing its tax laws. The Commissioner in charge of…
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Businesses push for flexible terms under new tax exemption rules
The Ghana Investment Promotion Centre (GIPC) has embarked on processes to adjust Ghana’s tax exemption rules to meet the peculiar needs of investors to Ghana. In this regard, the Centre has commenced discussions with the business community to address all concerns with the new tax exemption rules. The meeting has also become apparent following concerns…
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Finance Ministry defends new tax exemption rules
Despite the increased number of concerns for government to restructure the tax exemption directive for importers, Deputy Finance Minister, Kwaku Kwarteng has stressed that his outfit will not revert the decision of implementing the move. According to him, the reversal will only bring back the numerous illegal acts at the ports. Importers and exporters called…