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Tag Archives: Tax

Pilot property tax rate before implementation—Tax Analyst

A tax analyst has called on government to pilot the implementation and collection of the property rates in 2018. According to William Owusu Demitia, a Senior Associate Consultant at Ali-Nakyea & Associates, this would help government identify key issues that has to be addressed before a nationwide implementation. As part of measures to improve domestic resource mobilization, the Finance Minister during the ...

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‘Free SHS tax’ will burden Ghanaians – Ablakwa

Former Deputy Minister of Education, Samuel Okudzeto Ablakwa, has stated that the proposal for the introduction of a new tax specifically to support the government’s Free SHS programme will not be appropriate. He however admitted that, there is the need for a dedicated source of funding for the programme if it is to be successful. Mr. Ablakwa’s comment comes on ...

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Most property owners unware of property tax

New tax reforms to be introduced by government next year will see an upward review of the property tax rate as well as the intensification of enforcement of the collection of that tax. The Finance Minister during the 2018 budget reading reiterated that the constitution enjoins MMDAs to mobilize revenue through sources like the property tax, collection of which is ...

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Gov’t yet to decide on tow tax implementation

Government is awaiting the report of Parliament’s Committee on Road and Transport before taking a decision on the controversial tow tax. The mandatory levy for vehicle users to tow broken down vehicles was suspended last month after pressure from the public and civil society. It is unclear when the report of the committee would be ready. After briefing Parliament on ...

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Tow tax implementation suspended – Titus Glover

A Deputy Minister for Roads and Transport, Titus Glover, has announced the suspension of the controversial towing tax for vehicle owners until further notice. Confirming the decision on Eyewitness News on Monday,  the Deputy Minister, said the suspension, which is in response to public concerns over the fees, will give Parliament time to reassess the Legislative Instrument supporting the fee. ...

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No tax cuts for Abossey Okai spare parts traders

Traders of imported vehicle spare parts may not be enjoying the tax cuts on their wares anytime soon. At least, this is the indication from the industry with the implementation of the scrapping of the 1 percent special import levy by the GRA. The businesses were tipped to benefit from the tax cuts to ease the cost of doing business ...

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1-district, 1 factory under threat by withdrawal of tax exemptions?

There are fears that government’s decision to withdraw legitimately and lawfully granted tax exemptions from strategic investing companies in Ghana, could threaten the Government’s industrialization agenda if it is not reversed. The worry is that the move could lead to a massive drop in the inflow of strategic investments into the country, and has the potential of scaring away existing ...

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GRA accrues billions through deployment of database software

The Ghana Revenue Authority (GRA) has recorded massive shoot-up in tax mobilisation through the deployment of Total Revenue Integrated Processing System (TRIPS). The GRA said many companies now use TRIPS to automate the processes for assessing, filing and payment of various domestic tax forms such as Income Tax, PAYE, VAT, Withholding Tax, Gift Tax, etc. TRIPS which was developed by ...

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CPP President to pay taxes to inspire Ghanaians

A president under the Convention People’s Party (CPP) administration will pay taxes like the  the average Ghanaian does. This according to the party would set an example for others to follow. The information was captured in the CPP’s 2016 manifesto which was released yesterday, Saturday, October 29, 2016. A Ghanaian president per the Constitution is exempted from paying taxes on ...

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