Audio By Carbonatix
The Internal Revenue Service (IRS) has designed and developed a software to assist tax payers in the compilation of their income tax returns.
Christened "IRS Tax Helper", the software has minimum compliance cost to the tax payer, convenient in complying with obligations and would respond rapidly to their requests for documentation that facilitates their businesses.
It would also help tax administrators to control the processes and machinery in optimizing revenue from income tax and increase the quality of service to tax payers by reducing the time of processing the returns.
During a workshop to introduce the new software to employers and related institutions at Wa, Mr Patrick Danso, a resource person, said it had been observed that Pay As You Earn (PAYE) returns are often wrongly computed as a result of application of wrong tax rates.
He said the new system would, apart from easing the difficulties of tax payers associated with the compilation of income tax returns, also eliminate delays in the filing of these returns.
Mr Danso noted that the software was developed with support from development partners as part of the National Medium Term Private Sector Development Strategy (PSDS) which was launched in 2004 to provide support to IRS and other ministries, departments and agencies.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Trade Minister applauds GUTA as a pillar of economic growth; Prez Mahama honoured
3 minutes -
President’s brother’s takeover of Damang Mines is ‘untidy’ – Alhassan Tampuli
9 minutes -
It’s not true that gov’t decided not to renew the lease for Gold Fields – Bobby Banson
13 minutes -
Ghana to boost tomato production with 60-hectare irrigated farms and processing initiatives
32 minutes -
E&P’s takeover process of Damang Mines was very clean – Inusah Fuseini
35 minutes -
Damang takeover: There is not going to be any job loss; it is a lease change – Bobby Banson
1 hour -
Gold Fields didn’t stop mining at Damang mines; such claims are untrue – Bobby Banson
1 hour -
Engineers and Planners currently operate only in Ghana – Bright Simons
1 hour -
Lands Minister has no legal basis to restrict lease to Ghanaian firms – Bright Simons
1 hour -
Gov’t’s refusal to renew Gold Fields’ lease was simply untenable – Bright Simons
2 hours -
SOS Children’s Villages Ghana deepens partnership with Gender Ministry
2 hours -
Gender Ministry celebrates Christina Koch, reaffirms commitment to empowering girls
2 hours -
Live stream: Newsfile digs into E&P’s takeover of Damang Mines, OSP powers and Anti-LGBTQ Bill
2 hours -
Moody’s maintains Ghana’s rating at Caa1, revises outlook to positive
3 hours -
Zambia elevates tourism education to national priority as President Hichilema backs continental summit
4 hours