
Audio By Carbonatix
Businesses that have failed to meet their tax obligations in the past will from next year be given pardon to come forward and make the necessary payments without penalties.This follows the passage of the Internal Revenue Amnesty Bill by Parliament on Monday, to give the necessary legal backing to this provision.Persons and businesses who have failed to file their tax returns on time have in the past been slapped with fines and interest payments. Analysts say this discouraged a lot of people from coming forward to pay levies due the state.Deputy Finance Minister Seth Terkper told JOYBUSINESS this should give tax evaders an opportunity to start afresh in fulfilling their tax obligations.“When you grant an amnesty, you also want to make sure that you put in stringent measures so that those who have been complying with their taxes don’t feel cheated…“The bill that was just passed, if accented by the president, will ensure that GRA has the necessary guidelines for the amnesty to come into effect.”Government is 2007 embarked on similar move which saw a lot of businesses come forward to pay taxes they had evaded.
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
-
Pastor William Gyimah remanded over threats against Vice President Prof Opoku-Agyemang
28 minutes -
Sunyani Technical University dismisses 3 students over examination malpractice
32 minutes -
NPRA prosecutes 11 employers, recovers GH¢27m in 2025
34 minutes -
NAIMOS cracks down on illegal mining activities along River Tano
36 minutes -
2026 World Cup: Officials selected are the world’s very best – FIFA defends referees list
43 minutes -
NAIMOS taskforce embarks on major anti-galamsey operations at GREL plantation and along Ankobra River
45 minutes -
Akufo-Addo arrives in Cotonou to lead ECOWAS mission to observe Benin presidential election
52 minutes -
AMA, Mexican Embassy renew commitment to strengthen bilateral cooperation, deepen sister-city ties
56 minutes -
Bolt pushes for expanded support for women-owned enterprises
1 hour -
Today’s Front pages : Friday, April 10, 2026
2 hours -
‘We don’t have time’ – Fianoo calls for Schäfer to lead Black Stars temporarily
3 hours -
CAF will not favour any country – President Motsepe
3 hours -
Otto Addo was appointed through the backdoor – Kudjoe Fianoo slams GFA
3 hours -
UG Corporate Football League back from the Easter break
3 hours -
Qualcomm unveils startup selection for Qualcomm Make in Africa 2026
3 hours