In its quest to widen the tax net and also broaden the tax scope in the country, the Ghana Revenue Authority (GRA), has announced that from April 1, 2022, electronic commerce and online businesses would be taxed.
“Special-purpose software has been designed to monitor online businesses and tax them accordingly.”
“Last week, I sat in a presentation of a software, how it works and the demonstration of it and we are confident that by the 1st of April, the taxation of E-commerce will begin,” Commissioner of GRA, Rev. Ammishaddai Owusu Amoah noted.
He also added that the software will also monitor and tax online gaming and betting activities.
Rev. Owusu Amoah made the revelation at the authority’s 2022 management retreat being held at the Volta Serene Hotel in Ho.
The tax would apply to both local and foreign online service providers. Meaning the likes of Netflix, Facebook and other multinational online businesses that accrue revenue from Ghana will be compelled to comply with Ghana’s e-commerce tax.
He expressed confidence that a collaboration with the National Communications Authority will ensure the successful implementation of the new E-commerce tax.
“You know the NCA needs to allow all these multinationals access to be able to do business in Ghana and accrue revenue from here so when the time comes, we will know how to get the multinationals to also comply with our laws,” the GRA boss indicated.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS