A Tax Analyst, Francis Timore Boi, has lauded the government’s move to introduce the Vehicle Income Tax (VIT). The Ghana Revenue Authority (GRA) announced that effective January 1, 2024, ride-hailing vehicle owners will be taxed. However, this has been met with resistance from the Online Drivers Union, who lament that as key stakeholders, the GRA […] The post Tax
The Ghana Revenue Authority (GRA) has reminded the public that a 10% tax will be withheld from all gross winnings from lotteries, betting, gaming, and other games of chance starting January 1st, 2024. This applies to both the National Lottery Authority (NLA) and private lotto operators (PLOs). While the tax was originally implemented in August […] The post GRA announces
Parliament has approved the Value Added Tax Amendment Bill 2023 which imposes a 5 percent flat rate for the rental of commercial premises and the sale of immovable property by an estate developer. The VAT Amendment Bill 2023 also seeks to introduce a zero rate on locally produced sanitary pads and waive VAT on the […] The post Parliament passes VAT Amendment Bill appeared first on
A major lesson from the past few years is that technology will continue to drive the growth of almost every sector of the economy. Mobile technology in particular remains a cornerstone, with mobile penetration contributing to the sector’s vibrancy. The proliferation of smartphones has opened up new opportunities for innovation, fostering the growth of mobile […] The post
The Ghana Export Promotion Authority (GEPA) has pledged substantial support for Small and Medium Enterprises (SMEs) in the coming year. The Deputy Chief Executive Officer in charge of Finance and Operations at the Ghana Export Promotion Authority, Samuel Dentu, indicated that the Association is committed to driving the continuous development of Made-in-Ghana products and services […] The post GEPA
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