Audio By Carbonatix
Businesses that have failed to meet their tax obligations in the past will from next year be given pardon to come forward and make the necessary payments without penalties.
This follows the passage of the Internal Revenue Amnesty Bill by Parliament on Monday, to give the necessary legal backing to this provision.
Persons and businesses who have failed to file their tax returns on time have in the past been slapped with fines and interest payments. Analysts say this discouraged a lot of people from coming forward to pay levies due the state.
Deputy Finance Minister Seth Terkper told JOYBUSINESS this should give tax evaders an opportunity to start afresh in fulfilling their tax obligations.
“When you grant an amnesty, you also want to make sure that you put in stringent measures so that those who have been complying with their taxes don’t feel cheated…
“The bill that was just passed, if accented by the president, will ensure that GRA has the necessary guidelines for the amnesty to come into effect.”
Government is 2007 embarked on similar move which saw a lot of businesses come forward to pay taxes they had evaded.
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
-
Kasoa hillside residents fear erosion as climate change intensifies rainfall, experts call for urgent action
1 hour -
Stalled Kumasi, Takoradi market projects to resume as gov’t moves to secure funding
1 hour -
NPP demands release of Hanan Abdul-Wahab, wife, cites abuse of power by EOCO
3 hours -
GES warns schools against unauthorised fee collection from students
3 hours -
Kusease D/A Basic School appeals for computers to improve ICT teaching
3 hours -
West African megapolis emerging, Ghana risks being left behind — Ofosu-Dorte
3 hours -
Ghana’s planning system over-relies on utilities chasing development — Ofosu-Dorte
3 hours -
Charles Amissah death report raises concerns over National Ambulance Service response
3 hours -
You can’t brand a city with galamsey – Ofosu-Dorte warns
3 hours -
Health Minister orders sanctions for health workers named in Amissah death probe
3 hours -
Ghana once had efficient bus systems but urban mobility has declined — Ofosu-Dorte
4 hours -
Former president John Agyekum Kufuor and ICCO back strategic cocoa transformation at ACFIF 2026
4 hours -
Five new players to watch in Ghana vs Mexico friendly
4 hours -
Weak mass transport systems worsening Accra congestion — Ofosu-Dorte
4 hours -
How colonial policies still haunt Ghana’s cities – David Ofosu-Dorte breaks it down at JoyNews Speaker Series
4 hours