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
-
APSU 2002 Year Group announces key leadership appointments for 97th anniversary hosting & BOLT Steering Committee
4 minutes -
Government backs hybrid model for Ghana’s extractive sector, rejects move to shut out foreign investors
6 minutes -
LMWG commends Heath Goldfields on 5-year community development plan for Prestea
13 minutes -
Eswatini champions SiSwati stories in digital age at World Book Day 2026
14 minutes -
Only weak men forgive cheating partner – Yul Edochie
16 minutes -
Meta repeatedly snubs EU body over Facebook and Instagram user bans
16 minutes -
Family wealth should be viewed as asset class for building transgenerational enterprises – Alex Dadey
19 minutes -
Ghana’s response to Ghanaian evacuees was not necessary- Julius Malema
23 minutes -
Childhood kidney care strained by shortage of specialists, limited equipment—Paediatric Nephrologist
25 minutes -
Over 3m Ghanaians live with mild mental health conditions—GloMeFÂ
38 minutes -
US justice department launches criminal investigation into Trump accuser E Jean Carroll, reports say
42 minutes -
BoG pushes stronger property checks to reduce fraud in real estate sector
46 minutes -
Six students hospitalised after clash between Offinso Technical Institute students and town youth
46 minutes -
No prior notice was given – Weija-Gbawe MCE raises concern over Dam spillage
48 minutes -
Africa’s problem is not ideas but inconsistent execution — Alex Apau Dadey
50 minutes