Audio By Carbonatix
Ghanaians, particularly consumers of the Value Added Tax Service (VAT), have been urged to volunteer information to the Service to enable it to recover taxes that otherwise would have been lost to the state in return for a handsome reward.
As part of efforts to maximize revenue mobilization, the service had initiated informant award system for persons who would assist in identifying traders and business operators, who would fail to register with VAT and others, who would fail to issue invoices to customers as a way of invading tax.
Mrs. Agnes A. Adu-Boateng, the Brong Ahafo Regional Director of VAT, made the call at one-day tax seminar for 150 religious leaders drawn from the region, in Sunyani on Thursday.
The event that was jointly organised by the Internal Revenue Service (IRS) and VAT, was the third in the series nationwide under the theme “Render unto Caesar the things that are Caesar’s”, aimed at educating the participants on taxation obligations, rights and responsibilities of religious bodies and leaders on Ghana’s taxation system.
Mrs. Adu-Boateng called on Ghanaians to register their businesses and pay their taxes promptly.
Mr. Kwasi Bobie Ansah, Chief Inspector, Public Relations and Tax Education of the IRS, who spoke on the topic “introduction, rights and obligations, reliefs, filling of returns, gifts tax” explained that taxable gift included buildings of a permanent or temporary nature, land, shares, bonds and other securities.
He also said money, including foreign currency, business and business assets, any means of transportation among others also formed part of taxable gift.
Mr Ansah urged the participants to consider it as a moral obligation to declare their taxes on any gift, beside that of their official remunerations.
Speaking on the topic “type of returns, rent tax, withholding taxes, exempt organization, income of target group, responsibility of target group” Mr. Francis E.K Akoto, Chief Inspector of taxes of the IRS, said religious bodies were required to “disclose all their income that are not related to their core functions of providing ecclesiastical services and accordingly pay taxes on them”.
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
-
Anthony Joshua discharged from hospital after fatal road crash
2 hours -
Trump media firm to issue new cryptocurrency to shareholders
2 hours -
Ebo Noah arrested over failed Christmas apocalypse and public panic
4 hours -
‘Ghana’s democracy must never be sacrificed for short-term politics’ – Bawumia
4 hours -
Bawumia congratulates Mahama but warns he “cannot afford to fail Ghanaians”
4 hours -
CICM backs BoG’s microfinance sector reform programme; New Year Debt Recovery School comes off January-February 2026
4 hours -
GIPC Boss urges diaspora to invest remittances into productive ventures
4 hours -
Cedi ends 2025 as 4th best performing currency in Africa
4 hours -
Fifi Kwetey brands calls for Mahama third term as ‘sycophancy’
5 hours -
Bawumia calls for NPP unity ahead of 2028 elections
5 hours -
Police restore calm after swoop that resulted in one death at Aboso
5 hours -
Obaapa Fatimah Amoadu Foundation launches in Mankessim as 55 artisans graduate
5 hours -
Behold Thy Mother Foundation celebrates Christmas with aged mothers in Assin Manso
5 hours -
GHIMA reaffirms commitment to secured healthcare data
6 hours -
John Boadu pays courtesy call on former President Kufuor, seeks guidance on NPP revival
6 hours
