Dr. Cassiel Ato Forson The government has announced an overhaul of the Value Added Tax (VAT) regime aimed at simplifying the tax system, reducing the cost of doing business,
VAT Reform Bill To Scrap COVID Levy – Finance Minister
Dr. Cassiel Ato Forson The Minister of Finance, Dr. Cassiel Ato Forson, has announced plans by the government to introduce a new Value Added Tax (VAT) reform bill that
VAT On Electricity Risks Reinstatement
The International Monetary Fund (IMF) has hinted that it may impress on the government to reinstate the suspended 15% Value-Added Tax (VAT) on electricity should the rate of inflation
No VAT Deductions On SML Payments – KPMG
Ms. Julie Essiam The Ghana Revenue Authority (GRA) failed to deduct GH¢13.38 million in VAT from payments made to Strategic Mobilisation (Ghana) Limited (SML) over an eight-month period, the
‘Make Electricity VAT Suspension Permanent’
Morgan Ayawine Organised Labour has cautioned the government not to reintroduce the suspended 15% Value Added Tax (VAT) on electricity following the directive by the Finance Ministry to put
Govt Drops 15% Killer ECG VAT
Ken Ofori-Atta The government has abandoned the previously approved policy of levying a 15% Value Added Tax (VAT) on electricity, DAILY GUIDE has gathered. A subcommittee has been established,
Cabinet Withdraws Killer 15% VAT On Electricity
In a significant development, the Cabinet has unanimously decided to withdraw the previously approved policy of imposing a 15% value-added tax (VAT) on electricity. This decision brings respite to
ICU Joins Call For No Electricity VAT
From left: Emmanuel Benimah, Deputy General Secretary in charge of Operations, ICU-Ghana, Samuel Ananga, Deputy General Secretary in charge of Administration, ICU-Ghana, Morgan Ayawine, and Alhaji Nuru-Deen Alhassan, National Chairman,
Gov’t Introduces VAT On Electricity Consumers Above Lifeline Consumption
The Ministry of Finance in a recent development has announced that the government will be imposing Value Added Tax (VAT) on a specific section of electricity consumers in the
GRA To Tax Uber, Bolt Others
Starting from January 1, 2024 ride-hailing companies such as Uber, Yango, and Bolt will be required to pay taxes in Ghana. The Ghana Revenue Authority (GRA) has made this
Nine Shop Managers Caught In VAT Evasion
The GRA Team locking one of the shops during the exercise Nine Shop Managers within Osu and East Legon vicinities have been caught in various Valued Added Tax (VAT)
GRA Cracks Whip On VAT Defaulters
The GRA team at one of the shops The Ghana Revenue Authority (GRA) tax enforcement unit has arrested five shop managers in the East Legon vicinity for various Valued
E-VAT System Coming
The Ghana Revenue Authority (GRA) is planning to introduce an e-VAT system to enhance voluntary compliance and enforce tax laws. The GRA’s Enforcement Unit recently conducted test purchases in