Audio By Carbonatix
The Ghana Revenue Authority (GRA) has directed Real Estate Developers across the country to comply with the payment of the Vehicle Income Tax (VIT).
GRA has therefore given its backing to the Police Service to ensure that members of GREDA pay for the VIT sticker quarterly, since it forms part of the corporate taxes allotted to them.
Speaking in an interview with Adom Business News, the Chief Inspector of Taxes at the Public Relations Unit of the Ghana Revenue Authority, Bobie Ansah insisted that, GREDA is not exempted from the VIT since the law affects privately registered vehicles too.
Mr. Bobie Ansah stated that every payment made by the contractors will be credited to their accounts at the end of the year when they file their tax returns.
The directive follows a call by GREDA on GRA to clearly define the Vehicle Income Tax (VIT) law.
According to GREDA the law is being misapplied against its members by the police which is taking a toll on their operations.
The contractors said in many instances, trucks and water tankers carrying building materials to construction sites have been detained by the police, resulting in delays in operations and additional costs.
But briefing Adom Business News about the Vehicle Income Tax, Mr. Bobie Ansah explained that since the inception of the tax in 2003, only commercial transport owners were required to pay the VIT.
He noted however that, the system has been grossly abused.
“We discovered that most commercial drivers had changed from yellow to white plates, hence the decision to include private cars irrespective of one’s engagement in commercial activities or not”.
Attempts by Adom Business to contact officials of GREDA for more information proved unsuccessful.
Story by Afia Akyere/Adom News
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
-
Tema police foil armed robbery attempt at Afienya; Four suspects killed
3 hours -
Anthony Joshua discharged from hospital after fatal road crash
4 hours -
Trump media firm to issue new cryptocurrency to shareholders
4 hours -
Ebo Noah arrested over failed Christmas apocalypse and public panic
5 hours -
‘Ghana’s democracy must never be sacrificed for short-term politics’ – Bawumia
5 hours -
Bawumia congratulates Mahama but warns he “cannot afford to fail Ghanaians”
5 hours -
CICM backs BoG’s microfinance sector reform programme; New Year Debt Recovery School comes off January-February 2026
6 hours -
GIPC Boss urges diaspora to invest remittances into productive ventures
6 hours -
Cedi ends 2025 as 4th best performing currency in Africa
6 hours -
Fifi Kwetey brands calls for Mahama third term as ‘sycophancy’
6 hours -
Bawumia calls for NPP unity ahead of 2028 elections
6 hours -
Police restore calm after swoop that resulted in one death at Aboso
6 hours -
Obaapa Fatimah Amoadu Foundation launches in Mankessim as 55 artisans graduate
7 hours -
Behold Thy Mother Foundation celebrates Christmas with aged mothers in Assin Manso
7 hours -
GHIMA reaffirms commitment to secured healthcare data
7 hours
