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
-
Petrol, diesel prices set to fall from Oct. 16 as LPG faces 18.5% hike
1 minute -
Bank of Ghana engages stakeholders in Techiman
7 minutes -
PIAC unable to verify GH¢21m petroleum-funded projects in Ayawaso West
14 minutes -
Ketu North MP led delegation petitions government over deteriorating Weta Irrigation Scheme
18 minutes -
Unpaid contractor delays KATH Mother and Baby Unit as materials deteriorate
23 minutes -
Kofi Adams says Ghanaians ignored warnings over World Cup visa payments
28 minutes -
Banks to apply 20% VAT on cross-border digital payments with Ghana-issued cards
33 minutes -
Education Minister appeals to GAUA to call off strike, resume work on October 19
38 minutes -
Mahama assures Assemblies of God of support for World Congress
43 minutes -
Ghana must prioritise home-grown AI solutions to meet national needs – UNDP
47 minutes -
Mahama truly cares – Obuobia Darko-Opoku
51 minutes -
Fire at GRIDCo Mallam substation disrupts power in parts of Accra
1 hour -
Your client is Parliament, not a party; remain honest even when unwelcome – Speaker
1 hour -
Mahama urges chiefs to help tackle galamsey, protect water bodies
1 hour -
Bank of Ghana pilots digital cross-border payments with Rwanda, Nigeria
1 hour