The Ghana Revenue Authority (GRA) has issued a notification to ride-hailing vehicle owners regarding the implementation of a new tax policy called the Value Income Tax (VIT), effective from January 1 2024.
As per Section 22 of Regulations 2016, LI 2244, the GRA specified that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly.”
The Authority has advised ride-hailing companies such as Uber, Yango, and Bolt operating in Ghana to update their digital platforms to integrate the new tax requirements.
Guidelines for compliance include obtaining a softcopy of the VIT sticker, validating the sticker’s authenticity with the GRA, and submitting a quarterly list of all vehicles on their platforms to the GRA.
The GRA has emphasized that these requirements will be enforced on January 1, 2024.
The post Uber, Bolt, other ride-hailing vehicle owners to pay Value Income Tax from January 1 appeared first on Citinewsroom - Comprehensive News in Ghana.
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