Audio By Carbonatix
Ghana Revenue Authority (GRA) will strictly enforce the 15 to 15 withholding tax, Mrs Badger admonished individuals and organisations to keep proper records of all transactions in order to claim them from the IRS.
She said if anyone purchased items totalling GHc500, the person is supposed to enjoy 5% withholding tax and advised the public to exercise that right.
Mrs Badger stressed that married couples, the aged, persons undergoing training and single parents catering for three children also enjoy tax relief and charged persons who fall within those categories to present the appropriate documentation in order to enjoy tax relief.
She indicated that, the VAT Amendment Act had revoked tax exemptions on real estate developers and hoteliers whilst airport tax had been increased.
Some participants expressed their reservations about the increased in the gifts tax and appealed to the government to reduce it.
They said the increment would prevent their loved ones from showing their appreciation to them especially on festive occasions.
They urged government to rather widen the tax net to cover more businesses in order to mobilize more resources for socio-economic development in the country.
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
-
‘Unprincipled actors’ at centre of OSP–AG case Dr Bomfeh
2 minutes -
OSP–AG legal clash reflects institutional governance problems — Dr Bomfeh
33 minutes -
President Mahama kicks off Northern region tour to deepen citizen engagement
51 minutes -
FA Cup: Simpson reveals Nations FC’s Africa dream after Aduana victory
1 hour -
Man found dead in bush near DZOSEC; Police launch investigation
2 hours -
‘Score one, I’ll die for the team’ – Simpson reveals conversation with Annor before Aduana victory
2 hours -
CFAO Mobility pledges “full cooperation” with DVLA following vehicle impoundment scandal
2 hours -
Ghana Swimming Association secures $25,000 boost for 2026 Programmes
2 hours -
Bright Simons writes: The social edge of intelligence
2 hours -
Nations FC channeled league frustrations into FA Cup success – Emmanuel Annor
3 hours -
From a mining town to the IMF: Discover economist Valeria Mensah’s journey
4 hours -
Otumfuo to unveil world’s first customised gold coin box with built-in screens
4 hours -
British man pleads guilty to conspiring to steal $8m in virtual currency
4 hours -
Joe Mettle defends AI use in gospel music
4 hours -
Sheikh Armiyawo calls for urgent social welfare revamp to protect abuse victims
5 hours