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The Value Added Tax Service of Ghana is the Government of Ghana agency responsible for the mobilization of tax for the government. [1] The service was formed after the promulgation of the Revenue Agencies (Governing) Board Act in 1998.
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 Ghana News Agency (GNA) is a Ghanaian state-owned news agency that was founded in 1957 by Kwame Nkrumah. Donald Wright, who was seconded by the Reuters News Agency set up the Ghana News Agency and in 1961 President Nkrumah appointed Dr. Goodwin T. Anim as the GNA's first General Manager. [ 1 ]
The Ghana Investment Promotion Centre commonly known as (GIPC) is the Government of Ghana agency established to encourage, promote and facilitate investments in all sectors of the economy of Ghana [1] except mining and petroleum which are handled by the Ghana Chamber of Mines [2] and the Ghana National Petroleum Corporation. [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.
VAT = Valued Added Tax; BTW = Belasting op toegevoegde waarde South Korea 10% 0% (essential foodstuffs) VAT = bugagachise (Korean: 부가가치세; Hanja: 附加價値稅) Sri Lanka [155] 18% 0% VAT = Valued Added Tax has been in effect in Sri Lanka since 2001. On the 2001 budget, the rates have been revised to 12% and 0% from the previous 20% ...
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. [1] [2] [3]
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]