Tag: Tax Revenue
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New Tax Court will assist in revenue mobilization efforts – Tax Analyst
The coming establishment of a tax court should greatly aid government’s efforts at meeting its Domestic Non-oil Tax Revenue for 2021. That’s according to a tax analyst. According to the 2021 budget, Total Revenue and Grants for this year is pegged at GH¢72.4 billion, equivalent to 16.7 percent of GDP, out of which Domestic Revenue…
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Remove unwarranted tax exemptions to meet revenue target – Analysts urge gov’t
Government’s efforts at achieving its 2020 domestic revenue target of GHC 65.8 Billion will come up short if stringent measures are not put in place to reduce or totally eliminate unwarranted tax exemptions this year. That’s according to some tax analysts who continue to bemoan the burdensome level of tax exemptions given to some companies…
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Gov’t working with churches to develop Charities Bill – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has revealed that government is working with some Christian organizations to draft a Charities Bill that should address the issue of whether faith-based organisations should be taxed or not. “What we are really going to work with them on is to have a sub-committee that will develop a Charities Bill which…