Audio By Carbonatix
The Education Minister, Dr Yaw Osei Adutwum has tasked the new Governing Council of the Chartered Institute of Taxation (Ghana) to demystify taxation and find ways of educating the public on the enormous benefits of taxes.
The new Governing Council was officially inaugurated on Monday, March 21, 2022.
At the inauguration, the Minister urged the Council to come up with short and long term strategies that will help enhance taxation in the country.
"You have work to do. This institution must demystify taxation in such a way that people will look at the benefits and not just the fact that we are taking money from them. Your profession also demands that you create a pipeline of future experts and that is within your remit."
"Make sure in our curriculum something on taxation is done well so that in primary level they see that it is good for me and the country and that it is not a bad thing when they say pay your taxes," he said.
He told the Council the government believes they have something good to offer the country, hence, its establishment.
Dr Yaw Adutwum noted that in the world, the two things people fear most are death and tax. However, they are relaxed on the latter when they see a connect with the monies taken and developmental projects.
He further expressed worry about filing of taxation and how some institutions are unaware of government tax incentives and how to take advantage of them.
Speaking to JoyNews' Maxwell Agbagba on the sidelines of the inauguration, Chairman of the Governing Council of the Chartered Institute of Taxation, Emmanuel Obeng Asiedu expressed his views on the Electronic Transaction levy (E-levy).
According to Mr Obeng Asiedu, the levy is a good initiative, however, it needs to be looked at to address some concerns.
"It's good one way, it also has its own issues. It is a question of ironing it out to get a level playing field. The main issues are not really tax issues but fiscal issues. They are related to how you use your money or generate it."
Latest Stories
-
Photos: President Mahama in Libreville for Global Innovation and Development forum
6 minutes -
Hohoe United FC faces 3-season ban, demoted to Division 2
2 hours -
Bank of Ghana in 2025: Financially impaired but operationally resilient
2 hours -
Ghana 4x100m relay team finish fourth at World Athletics Relays 2026, miss final
2 hours -
Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action
2 hours -
Parts of Ashanti to experience power outages; check out affected areas
2 hours -
Ghana clinches key Pan-African Parliament role as Annoh-Dompreh takes health and labour chair
2 hours -
The clandestine network smuggling Starlink tech into Iran to beat internet blackout
3 hours -
Bank of Ghana Balances on a Knife Edge
3 hours -
Xenophobia and the African Condition: A Call for Sobriety
3 hours -
Ghana assistant coach Roger de Sa details how he got the job
4 hours -
Taiwan president visits Eswatini days after blaming China for cancelled trip
4 hours -
Regional ‘Fisheries Without Borders’ project launched to combat declining fish stocks
4 hours -
Man charged with murder and sexual assault of 5-year-old Australian girl
4 hours -
Germany says US troop withdrawal ‘foreseeable’ as Trump warns of more ‘cuts’
4 hours