Ghana Revenue Authority launches outreach to boost tax filing compliance

The Tema Office of the Ghana Revenue Authority (GRA) has launched a public education campaign to improve compliance with tax filing and payment obligations. The post Ghana Revenue Authority launches outreach to boost tax filing compliance appeared first on Ghana Business News.

Ghana Revenue Authority launches outreach to boost tax filing compliance

The Tema Office of the Ghana Revenue Authority (GRA) has launched a public education campaign to improve compliance with tax filing and payment obligations.

The campaign, under the theme “Know Your Taxes, Pay Your Taxes, Let’s Build Ghana”, is aimed at helping individuals and businesses better understand their responsibilities within the tax system.

Mr Prosper Kwaku Gozah, Assistant Commissioner and Office Manager of the GRA in Tema, told the Ghana News Agency (GNA) that the initiative sought to emphasize that compliance extends beyond payment.

“It’s not only about paying taxes; you also need to file your returns. The returns show the activities you have undertaken and the tax due,” he said.

Mr Gozah noted that although the GRA had enhanced its digital platforms to facilitate filing and payment, measures had been put in place to support taxpayers who might face challenges with the system.

“Those who cannot use the online portal are encouraged to visit our offices for assistance,” he added.

He said the GRA administered key taxes, including Personal Income Tax, Value Added Tax (VAT), and Gift Tax, with obligations varying depending on the nature of the taxpayer’s activities.

He explained that the tax regime for the informal sector had been simplified, with eligible individuals paying about three per cent of their income without the need for complex accounting procedures.

“For structured businesses, they are required to keep proper records of income, expenses, and profits and pay corporate income tax based on their profit,” he said.

Mr Gozah clarified that tax was assessed on profit rather than total turnover, noting that businesses were taxed on earnings after deducting operational expenses.

He also reminded employers of their legal obligation to account for taxes on behalf of their employees.

The outreach, he said, would continue throughout the month, which is the designated period for filing annual tax returns for the previous year.

Source: GNA

The post Ghana Revenue Authority launches outreach to boost tax filing compliance appeared first on Ghana Business News.

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