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SEND GHANA AND STAKEHOLDERS WORKSHOP ON TAX

SEND GHANA

SEND GHANA, The leading non-Governmental Organization working to promote good governance, equality of women and men in Ghana. Send Ghana, was established on the 4th August 1998 in Ghana for people's right and well being.


Today, SEND GHANA organized Taxation workshop for all stakeholders at Maxlot Hotel in Accra.
Mr. Philip Banahene Thompson ,the Principal Economist Revenue Policy Division -Ministry of finance in his presentation made it cleared that,the ministry of finance established the policy and Ghana Revenue Authority(GRA) implement the law.

He said again, The ministry of finance is moving across the length and breath of the nation to seek  the opinion of formal, informal and elders of this nation for 2019 -20 Budget, again he made mention that, 80 per cent of the 2017  financial budget made by the current Government come from the suggestions and opinions of the good people of Ghana."

According to him,"out of 28 million population,only 1.2 million Ghanaians pay their taxes and out  1.2 million 800 thousand are formal sectors. The government need the taxation money to establish the policies of the country especially, the free SHS and others."



He said, the government has reduced the taxation To Help manufactures to employ and produce more. He abolished

(1)The one percent special import Levy imposed on imported Raw materials and machinery.

(2)The 17.5 percent VAT/NHIL on financial services.
(3)The 17.5 percent VAT/NHI domestic Airline tickets.
(4)Excise duty on petroleum.
(5)Import duty on specified Vehicle spare parts.
(6) The five (5)percent VAT/NHIL on real estate sales.
(7) The 17.5 percent VAT/NHIL on selected imported medicines not produced locally
and last but not  the least levies imposed on KAYAYEI by local authorities. So the government need to improve by finding strategy to involve the formal and the informal who are not paying their taxes,should be able to pay their taxes to create revenue for the implementation of the government policies.

Then Mrs. Vivian Shika Omolumo who is the (Chef Revenue Officer of GRA also emphasized that, The Government is  giving everybody the opportunity to pick up registration form at GRA office to register his or her business to obtain a( TIN) number to enable the  person to pay appropriate tax to avoid any penalty of GHc 500 cedis and Ghc10 cedis every month in addition."

Source: www.OmyTv.net | Kofi Dwumah

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