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Naira

Nigeria made N273.5 billion from VAT in 6 months

Nigeria recorded a total sum of N273.50 billion in value added tax (VAT) in six months in 2018, the National Bureau of Statistics (NBS),...

BoG Maintains Lending Rate At 17%

At a press conference of the 84th regular meeting of the Monetary Policy Committee (MPC) today the 24th September, 2018 in Accra, BoG did...
Taxes

Reduced efforts at tax collection worrying for Ghana – expert

An international resource revenue governance expert has described as worrying the reduced effort by Ghana at revenue mobilization since the beginning of commercial oil...

Businesses to incur 5% VAT cost despite government claims that VAT has not been...

iWatch Africa assessment of the newly proposed Valued Added Tax (VAT) structure can confirm that businesses will incur a tax burden of 5% despite...

Accra Mall Limited pays outstanding VAT liability to GRA

The management of Accra Mall Limited has confirmed the payment of GHC 2.3 million being an outstanding 2014/2015 VAT liability to the Ghana Revenue...
VAT

Ghanaian traders hail government 3 percent flat VAT rate

The introduction of a flat rate of three percent in Value Added Tax (VAT) payment for traders in Ghana has received the applause of...
VAT

3% flat VAT will be beneficial to economy

The issue on board is whether the 3% Flat VAT policy is helpful. And my answer is YES. It's beneficial to ALL.  The 3% VAT...

Ghana: Implementation of the 3% VAT flat rate commences

Consumers should be prepared to pay more on goods and services effective today as the 3 percent VAT flat rate is implemented. Businesses are...

EDI appeals to Gov’t to ban tax on equipment for hospitals construction

Euroget De- Invest s.a. (EDI), has appealed to the government to reconsider the ban on the tax waiver on goods and equipment procured for...
VAT

Zimbabwe consumers welcome reversal of VAT on basic commodities

The Zimbabwean government on Thursday removed a 15 percent Value Added Tax (VAT) on basic commodities it imposed at the beginning of February following...
Value Added Tax (VAT)

Tanzania’s hotel occupancy drops after VAT introduction

The report, Hotels Outlook 2016-2020, by PricewaterhouseCoopers, an audit and advisory firm, said the VAT on tourism services and rising room rates were making...
VAT

GRA crying to public over neglected duty?

With the introduction of Act 870 however, the scope of VAT was extended to cover all financial services rendered by banks for a fee...
Value Added Tax (VAT)

GRA Warns Rural Banks to Settle Their Vat

He said investigations by the Medium Taxpayers Office indicated that a good number of active rural banks in the Region were not complying with...
VAT

Introduction of VAT hurts business at Tanzania’s leading port

Deusdedit Kakoko, TPA Director General, said the port was now trying to lure back traders, especially from the Democratic Republic of Congo (DRC) who...

3 Nigerians on remand for forged documents

Egwolor Onome, Favour Omowo and Senu Oyinola, all Nigerians were said to have prepared to commit crime and forged documents United Nations Authority Certificates,...
Donald Gwira

Afriwave To Seal Deal With GRA On Data For Tax Revenue Assurance

The company, licensed to oversee the Interconnect Clearinghouse (ICH), announced that the move formed part of its corporate social responsibility initiatives. Mr Donald Gwira, the...
Afriwave

Afriwave To Partner GRA To Provide Data For Tax Revenue Assurance Services

The wholly Ghanaian owned company recently licensed by the National Communications Authority (NCA) to oversee the Interconnect Clearinghouse (ICH) announced in Accra, that the...
tax

Tax protection groups around the world to push for lower taxes

According to Ghana Taxpayers League, the fight against corruption, ensuring effective use of taxes, as well as good governance by making government officials accountable...

Ghana ranked 19th busiest airport in Africa

In the same year, Ghana recorded a cargo throughput of 54,383, registering a position of seventh in Africa by the Airports Council International. Mr. Tony...
Ghana cedi

GRA exceeds half year revenue target

The Ghana Revenue Authority (GRA) exceeded its half year tax revenue collection target of GH?10,320,027,000.00, raking in GH?10,503,027,000.00 during the period. Mr. Seth...
Ghana Flag

Let?s Appreciate What Our Predecessors Have Done

It?s rather unfortunate Ghana after 57 years of independence is still under developed due to BLACK MENTALITY by our Politicians who always take delight...

Ghana broadens public participation in budget process

by Justice Lee Adoboe The government of Ghana has taken further steps to deepen public participation in the budget preparation process to ensure transparency...
Africa World Airlines

Airlines mandated to add VAT, NHIL to fares

All domestic airline operators have been mandated to add 15 per cent VAT and 2.5 per cent National Health Insurance(NHIL) to all their air...

Melcom Ghana In Over GH? 60 Million Tax fraud

By our investigations team Investigations by the Economic and Organized Crime Office (EOCO) into the business practices of Melcom Limited, one of the largest multinational...
tax

Zimbabwe?s tourism sector pleads with government to scrap tax

The Zimbabwe Tourism Authority (ZTA) said Friday it is lobbying government to scrap a 15 percent tourism levy that it says is stifling growth...
Nhis

Ghana?s health insurance card holders to pay for essential services

Cardholders of Ghana?s National Health Insurance Scheme (NHIS) have appealed to service providers to rescind their decision to withdraw part of their services to...
tourism

Tourism revenues in Uganda slump by 70 percent

Tour operators in Uganda on Thursday said their revenues have slumped by over 70 percent compared to last year. The...
lamudi logo

Reinvest real estate VAT into properties – Lamudi

Proceeds from a newly introduced VAT on real estate should be reinvested in Ghana?s property sector to subsidise affordable housing, according to some stakeholders...

Channel Newly VAT on Real Estate Into Property Sector-Stakeholders

Stakeholders in the real estate industry are calling on government to channel proceeds from the newly introduced VAT on real estate into Ghana?s property...
GIFMIS

Ghana’s public accounts management system to be cleaned

Daniel Amin Sahnoon, Internal Oracle Expert of the Ghana Integrated Financial Management Information System (GIFMIS), has said it is an actual all-encompassing accounting system...