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E-levy has been passed by parliament and will take effect from 1st May, 2022. Despite the passage of e-levy, the minority in Ghana's parliament are set to challenge it, at the supreme court. According to them the passage of e-levy is illegal because parliament lacked the required numbers to do so. [28] [29]
The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [ 1 ] [ 2 ] As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
The Ministry of Finance and Economic Planning is the government ministry responsible for the economic and monetary health of Ghana.The Ministry is involved with economic planning, fiscal policy, national accounting, the national budget, and creating an environment for investment and growth.
In Germany employers are required to pay salary tax (Lohnsteuer) for their employees which is an advance payment on the income tax. The employer is liable for the salary tax [16] but the employee has to pay it. [17] In most situations it is not mandatory to file taxes as the salary tax can cover the whole income tax.
The allowance that is approved is what the ministry would pay the personnel throughout the service year. Payment is calculated from the date the service personnel reports for duty at his/her designated post. [3]
In September 2009 members of the Executive Council of the CITG called on recently elected President John Atta Mills, who is himself an expert on taxation.Mills talked of the need for local tax experts to be motivated, and said "We would rely and utilize the store of knowledge that you have so that together we can build a better Ghana.
It was established in Ghana by Ghana Education Trust Fund Act, 2000, Act 581. The GETFund is financed with 2.5% of the value-added tax or VAT and has to provide special financial support to public educational institutions under the Ministry of Education for development and maintenance of academic facilities.
Institute of Chartered Accountants, Ghana is a member of two international bodies, the sub-regional ABWA or Association of Accountancy Bodies in West Africa, and the International Federation of Accountants (IFAC), the worldwide organization for the accountancy profession.