Audio By Carbonatix
Assistant Commissioner of the Large Taxpayer Office at the Ghana Revenue Authority says he is certain that the new tax laws would not discourage huge multinational tech companies from transacting with Ghanaians.
Speaking on Joy FM's Super Morning Show on Wednesday, Martin Yamborigya said that the new move by the Authority would not only help the country attain its revenue target, but also diversify the income streams of the Authority.
"I’m not sure they would pull out because they know what they’re getting. Don’t forget the fact that the tax is supposed to be paid by you the consumer, and not them. It is VAT.
"There should be no reason why they would just go off because they were asked to collect tax for the country. So I don’t think that is going to be an issue."
Mr Yamborigya was on the show to address concerns about the GRA's new move in wanting to tax non-resident Ghanaians who undertake online businesses such as using Facebook to sell or electronic-commerce (E-commerce).
The new policy which is set to kickstart on April 1, 2022, is to ensure that the country mobilises adequate revenue and widens the tax net for national development.
Latest Stories
-
Richard Agyare honoured by NPP UK East London Chapter for dedicated service
1 hour -
General Johnson Asiedu Nketia: The Professor of Ghana’s Politics
2 hours -
Oppong Nkrumah demands full disclosure of BoG financing for gold purchase programme
2 hours -
GNAT urges calm over BECE results, asks dissatisfied candidates to petition WAEC
2 hours -
Seth Terkper calls for greater use of diaspora remittances to drive Ghana’s development
2 hours -
UK-based Ghana gov’t-sponsored students to undergo mandatory oath, scholarship validation exercise
2 hours -
IMF-reported DGPP losses were necessary for economic recovery – Sagnarigu MP
2 hours -
NPP’s ‘Democracy Under Attack’ demonstration comes off today
2 hours -
GAF observes maiden Omane Boamah memorial lecture
2 hours -
REGSEC to begin fresh demolitions at Laboma, Agbogbloshie to curb flooding
2 hours -
Social media, drug abuse fuelling student indiscipline – Deputy Education Minister
2 hours -
IMF urges BoG to end quasi-fiscal activitiess after GH¢22bn DGPP losses
3 hours -
Ghana School of Law grants final one-week window for outstanding Pre-Bar admissions
3 hours -
Korle Bu emergency cases surge from 70 to over 100 daily
3 hours -
Sagnarigu MUSEC imposes curfew on Damankungyili, Nyeshie following deadly clash
3 hours