VAT
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GRA to reject companies’ expenses without VAT invoice from October 1

September 3, 2021 The Ghana Revenue Authority (GRA) says it will reject any expenditure incurred by any company in Ghana without a Value Added Tax (VAT) invoice starting from October. This, according to the...

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September 3, 2021 / Comments (0)

The COVID-19 Health Recovery Levy— How it works

May 12, 2021 The COVID-19 Health Recovery Levy Act, 2021, (Act 1068), imposes a special levy, the COVID-19 Health Recovery Levy, on the supply of goods and services, and imports to raise revenue to...

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May 12, 2021 / Comments (0)

Government’s new tax policies to take effect from May 1

April 21, 2021 The implementation of the new tax policies announced in the 2021 budget statement and duly approved by Parliament will take effect from May 1, 2021. The implementation date was announced in...

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April 21, 2021 / Comments (0)

Ghanaians willing to pay taxes – Afrobarometer study

April 12, 2021 Ghanaians endorse taxation and are willing to pay higher taxes to support the country’s development, a new Afrobarometer study has shown. The study said majority of the citizens, however,...

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April 12, 2021 / Comments (0)

Government to introduce 1% Covid-19 Health Levy – Mensah Bonsu

March 15, 2021 The Caretaker Minister for Finance, Osei Kyei Mensah Bonsu says the government will be introducing a Covid-19 Health Levy of 1% on VAT, Flat Rate Scheme (VFRS), and 1% on National Health...

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March 15, 2021 / Comments (0)

BoG’s indices show boost in economy’s real sector

February 19, 2021 Latest data released by the Bank of Ghana indicate that some selected real sector pointers showed progress in economic activity during the third quarter of 2020 when compared with trends...

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February 19, 2021 / Comments (0)

Parliament approves US$162.9 million Barclays Bank loan

January 12, 2021 Parliament has approved a US$162, 931,563.27 Barclays Bank PLC loan to finance the design, construction and furnishing of seven district hospitals and provide an integrated IT systems...

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January 12, 2021 / Comments (0)

Telecoms sector paid over GH¢3.2 billion in taxes in 2019 – Report

November 25, 2020 Findings from a Total Tax Contribution (TTC) survey by the Ghana Chamber of Telecommunications has brought to light the significant contribution of the telecommunication sector towards...

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November 25, 2020 / Comments (0)

Coronavirus downs oil revenue by 82% in first quarter

June 19, 2020 The country’s fears of losing substantial domestic revenue through the devastating impact of the coronavirus pandemic has been worsened as Bank of Ghana data shows only about 18 percent...

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June 19, 2020 / Comments (0)

Banks to be authorized for tax collection …as GRA sets GH¢52 bn revenue target for 2020

February 13, 2020 The Ghana Revenue Authority (GRA) plans to license banks in the country to accept the payment of taxes, as part of efforts to make the payment of taxes less stressful for taxpayers while...

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February 13, 2020 / Comments (0)