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Ghana Revenue Authority

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Ghana Revenue Authority

Welcome to GRA

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Commissioner-General

WELCOME TO THE GHANA REVENUE AUTHORITY

The Board, Management and staff of Ghana Revenue Authority (GRA) congratulate taxpayers and all stakeholders for contributing to GRA’s performance in 2013.

The Ghana Revenue Authority’s goal as a revenue institution is to optimize  revenue mobilization for national development through the delivery of quality service to taxpayers and other stakeholders. We therefore urge our taxpayers to comply voluntarily by declaring and paying all taxes appropriately.

As part of the modernization program, the GRA will in 2014 implement more modern and innovative strategies to enhance revenue collective. We encourage all taxpayers and the general public to honour their tax obligations to the nation so that Government will be able to provide better roads, improved electricity, education, health service and other amenities to the people of Ghana.

HELP GRA TO HELP DEVELOP GHANA.
Enjoy your online experience.

 

Filing of VAT/NHIL & CST Returns for July 2014

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HAVE YOU FILED YOUR VAT/NHIL & CST RETURNS FOR JULY, 2014?

DO YOU KNOW YOUR JULY 2014 RETURNS ARE DUE BEFORE FRIDAY, 29TH AUGUST, 2014 WHICH IS THE LAST WORKING DAY OF THE MONTH OF AUGUST 2014?     

FILE YOUR VAT/NHIL & CST RETURNS EARLY AND AVOID A PENALTY OF FIVE HUNDRED GHANA CEDIS (GH¢500.00) AND A FURTHER PENALTY OF TEN GHANA CEDIS (GH¢10.00) PER DAY EACH DAY THE RETURN IS NOT SUBMITTED.

FOR COMMUNICATIONS SERVICE TAX (CST) OPERATORS, LATE FILING OF RETURNS ATTRACTS A PECUNIARY PENALTY OF GH¢2,000 AND A FURTHER PENALTY OF FIVE HUNDRED GHANA CEDIS (GH¢500.00) EACH DAY THE RETURN IS NOT SUBMITTED.

REMEMBER TO SUBMIT THE JULY 2014 RETURNS FORMS NOT LATER THAN FRIDAY, 29ST AUGUST, 2014 WHICH IS THE LAST WORKING DAY OF THE MONTH AND AVOID PAYING PENALTIES.

FOR FURTHER INFORMATION, PLEASE CONTACT THE NEAREST DOMESTIC TAX REVENUE DIVISION OFFICE.

 

Amendments to Internal Revenue Act

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AMENDMENTS TO
I.     THE INTERNAL REVENUE ACT 2000, ACT 592
II.     THE INTERNAL REVENUE REGULATIONS 2001, L.I. 1675

The Commissioner-General of the Ghana Revenue Authority (GRA) wishes to inform the general public that;

i.    by virtue of the Internal Revenue (Amendment) (No 2) Act, 2013, Act 871, the following amendments have been made to the Internal Revenue Act, 2000 Act 592.

ii.    that Regulation 16 of the Internal Revenue Regulations, 2001, (L.I. 1675) that governs the payment of tax on rent income has been amended by the Internal Revenue (Amendment) (No 2) Regulations, 2013, (L.I. 2208).

I.  AMENDMENTS TO THE INTERNAL REVENUE ACT 2000, ACT 592


First Schedule of Act 592 Amended
1.    The First Schedule to Act 592 is amended as follows:

(a)    Paragraph 2 of Part One (1)

The income tax rate applicable to non-resident individuals is 20%

(b)    In Part Two (2) by

(i)    The substitution for Paragraph I as follows

The income tax rates applicable to companies (other than a company principally engaged in the hotel industry) and from income from goods and services provided to the domestic market by free zone enterprises after their tax holiday are:

Nature of Income Rate of Tax
Income from the export of non-traditional goods             8%

Other Income                                                            25%

(ii)    Paragraph 6B of Part Two (2) Inserted
6B The income tax rate applicable to exports of a free zone enterprise outside the domestic market shall not exceed 8%

(c)    Part Five (V) - Rate of Non-Resident Tax

(i)    Paragraph (b)
The rate of withholding tax applicable to a payment in the case of royalties, natural resource payments and rents is 15%

(ii)    Paragraph (c)
The rate of tax applicable in the case of management and technical service fees is 20%

(d)   Part Seven (VII)
The rate of tax applicable to a non-resident person of income from transportation and communications under section 67 is 15%

(e)    Part Eight (VIII)
The rate of tax applicable to non-residents under section 86 is 20%


2.    IMPOSITION OF CAPITAL GAINS TAX ON PETROLEUM OPERATIONS

The provisions of Chapter Two (2) of the Internal Revenue Act, 2000, Act 592 which related to Capital Gains now apply to petroleum operations.  This means that chargeable assets disposed of in petroleum operations will now attract Capital Gains Tax.

SECTION 11A OF ACT 592 INSERTED
TAXATION OF FREE ZONE ENTERPRISES

A free zone developer or enterprise granted a license under the Free Zones Act, 1995 (Act 504) is exempt from the payment of income tax on profits for the first ten years from the date of commencement of operations.

These amendments came into force on 31st December, 2013.

II. AMENDMENTS TO THE INTERNAL REVENUE REGULATIONS 2001, L.I. 1675

The Internal Revenue Regulations, 2001, (L.I. 1675) is amended by the substitution for regulation 16 as follows:

Rate of Tax on Rent Income for Residential Premises

16(1)    Where an individual receives rent income from any residential premises the Commissioner-General may calculate tax on the rent income separately at a flat rate of 8% on the gross rent income in the year of assessment.  This means that the landlord may opt for and therefore be taxed at 8% on the gross rent income from residential premises in a year of assessment.


Rate of Tax on Rent Income for Non-Residential Premises
16(2)    Where an individual receives rent income which is not a business income from any non-residential premises in any year of assessment the Commissioner-General shall calculate tax on the rent income separately at the flat rate of 15% on the gross rent income in the year of assessment.  This means that the rate of tax on the gross rent income from non-residential premises which is not a business income is 15%.

16(3)    In both cases, that is, (1) & (2) above, the amount shall be paid as a Final Tax to the Commissioner-General and that amount shall not be included in ascertaining the income of the individual.

16(4)    Where (3) above applies, the individual shall not be entitled to any deductions under Division III of Part III of Chapter I of the main Act 592.

16(5)    Where a person other than an individual receives rent income which is not a business income in any year of assessment,
(a)    That person shall pay tax at the rate of 8% in the case of residential premises
(b)    That person shall pay tax at the rate of 15% in the case of non-residential   premises; and
(c)    In 5(a) & (b), sub-regulations (3) & (4) above shall apply to that income

Withholding of Tax on Rent Income by Specified Entities


16(6)    Where any entity or institution specified in Schedule Four of L.I. 1698 (2002) pays any money as rent in respect of any residential or non-residential premises, the entity making the payment shall withhold tax at the rates specified on the gross rent income.  The entities are:

1.    Companies
2.    Financial Institutions
3.    Partnerships
4.    Educational Institutions
5.    Medical Establishments
6.    Public Boards and Corporations
7.    Ministries
8.    Departments of Ministries
9.    Government Agencies
10.    Co-operative Societies
11.    Diplomatic Missions
12.    Consular Offices
13.    International Organizations
14.    Non-Governmental Organizations

The amendments came into force on 26th February, 2014.

All landlords who have already paid the lower rate or had a lower rate withheld for non-residential premises are urged to contact the nearest Domestic Tax Revenue Division (DTRD) office to make up the difference.

All tax on rent income must be paid at the Large Taxpayer Office (LTO), Medium Taxpayer Offices (MTOs) and Small Taxpayer Offices (STOs) of the DTRD of the Ghana Revenue Authority (GRA) throughout the country.

AMENDMENTS TO

I. THE INTERNAL REVENUE ACT 2000, ACT 592

II. THE INTERNAL REVENUE REGULATIONS 2001, L.I. 1675

The Commissioner-General of the Ghana Revenue Authority (GRA) wishes to inform the general public that;

i. by virtue of the Internal Revenue (Amendment) (No 2) Act, 2013, Act 871, the

following amendments have been made to the Internal Revenue Act, 2000 Act 592.

ii. that Regulation 16 of the Internal Revenue Regulations, 2001, (L.I. 1675) that governs the payment of tax on rent income has been amended by the Internal Revenue (Amendment) (No 2) Regulations, 2013, (L.I. 2208).

I. AMENDMENTS TO THE INTERNAL REVENUE ACT 2000, ACT 592

First Schedule of Act 592 Amended

1. The First Schedule to Act 592 is amended as follows:

(a) Paragraph 2 of Part One (1)

The income tax rate applicable to non-resident individuals is 20%

(b) In Part Two (2) by

(i) The substitution for Paragraph I as follows

The income tax rates applicable to companies (other than a company principally engaged in the hotel industry) and from income from goods and services provided to the domestic market by free zone enterprises after their tax holiday are:

Nature of Income Rate of Tax

Income from the export of non-traditional goods 8%

Other Income 25%

(ii) Paragraph 6B of Part Two (2) Inserted

6B The income tax rate applicable to exports of a free zone enterprise outside the domestic market shall not exceed 8%

(c) Part Five (V) - Rate of Non-Resident Tax

(i) Paragraph (b)

The rate of withholding tax applicable to a payment in the case of royalties, natural resource payments and rents is 15%

(ii) Paragraph (c)

The rate of tax applicable in the case of management and technical service fees is 20%

(d) Part Seven (VII)

The rate of tax applicable to a non-resident person of income from transportation and communications under section 67 is 15%

(e) Part Eight (VIII)

The rate of tax applicable to non-residents under section 86 is 20%

2. IMPOSITION OF CAPITAL GAINS TAX ON PETROLEUM OPERATIONS

The provisions of Chapter Two (2) of the Internal Revenue Act, 2000, Act 592 which related to Capital Gains now apply to petroleum operations. This means that chargeable assets disposed of in petroleum operations will now attract Capital Gains Tax.

SECTION 11A OF ACT 592 INSERTED

TAXATION OF FREE ZONE ENTERPRISES

A free zone developer or enterprise granted a license under the Free Zones Act, 1995 (Act 504) is exempt from the payment of income tax on profits for the first ten years from the date of commencement of operations.

These amendments came into force on 31st December, 2013.

II. AMENDMENTS TO THE INTERNAL REVENUE REGULATIONS 2001, L.I. 1675

The Internal Revenue Regulations, 2001, (L.I. 1675) is amended by the substitution for regulation 16 as follows:

Rate of Tax on Rent Income for Residential Premises

16(1) Where an individual receives rent income from any residential premises the Commissioner-General may calculate tax on the rent income separately at a flat rate of 8% on the gross rent income in the year of assessment. This means that the landlord may opt for and therefore be taxed at 8% on the gross rent income from residential premises in a year of assessment.

Rate of Tax on Rent Income for Non-Residential Premises

16(2) Where an individual receives rent income which is not a business income from any non-residential premises in any year of assessment the Commissioner-General shall calculate tax on the rent income separately at the flat rate of 15% on the gross rent income in the year of assessment. This means that the rate of tax on the gross rent income from non-residential premises which is not a business income is 15%.

16(3) In both cases, that is, (1) & (2) above, the amount shall be paid as a Final Tax to the Commissioner-General and that amount shall not be included in ascertaining the income of the individual.

16(4) Where (3) above applies, the individual shall not be entitled to any deductions under Division III of Part III of Chapter I of the main Act 592.

16(5) Where a person other than an individual receives rent income which is not a business income in any year of assessment,

(a) That person shall pay tax at the rate of 8% in the case of residential premises

(b) That person shall pay tax at the rate of 15% in the case of non-residential premises; and

(c) In 5(a) & (b), sub-regulations (3) & (4) above shall apply to that income

Withholding of Tax on Rent Income by Specified Entities

16(6) Where any entity or institution specified in Schedule Four of L.I. 1698 (2002) pays any money as rent in respect of any residential or non-residential premises, the entity making the payment shall withhold tax at the rates specified on the gross rent income. The entities are:

1. Companies

2. Financial Institutions

3. Partnerships

4. Educational Institutions

5. Medical Establishments

6. Public Boards and Corporations

7. Ministries

8. Departments of Ministries

9. Government Agencies

10. Co-operative Societies

11. Diplomatic Missions

12. Consular Offices

13. International Organizations

14. Non-Governmental Organizations

The amendments came into force on 26th February, 2014.

All landlords who have already paid the lower rate or had a lower rate withheld for non-residential premises are urged to contact the nearest Domestic Tax Revenue Division (DTRD) office to make up the difference.

All tax on rent income must be paid at the Large Taxpayer Office (LTO), Medium Taxpayer Offices (MTOs) and Small Taxpayer Offices (STOs) of the DTRD of the Ghana Revenue Authority (GRA) throughout the country. Normal 0 false false false EN-GB X-NONE X-NONE
 

3rd Quarter (1st July – 30th September, 2014) Sale of Vehicle Income Tax (VIT) Stickers and Tax Stamps

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SALE OF VEHICLE INCOME TAX (VIT) STICKERS

The Commissioner-General of the Ghana Revenue Authority reminds all Commercial Transport Operators that VEHICLE INCOME TAX (VIT)STICKERS for the THIRD QUARTER (i.e.)1st JULY – 30TH SEPTEMBER, 2014 are on sale at the Domestic Tax Revenue Division Offices throughout the country.


SALE OF TAX STAMPS

All persons in the Informal Sector i.e small-scale self-employed Dressmakers/Tailors, Hairdressers/Beauticians/Barbers, Susu Collectors, Chop Bar Owners, Cooked Food sellers, Butchers, Diamond /Gold winners and buyers, Container/Kiosks/Table top operators, Garage Owners, Artisans ie - Masons, Carpenters, Welders, Mechanics, Vulcanizers, Electricians, Sprayers, - Hawkers, Itinerant Traders etc- are all reminded to purchase the third quarter TAX STAMPS (i.e) 1st JULY – 30TH SEPTEMBER, 2014 at the nearest Domestic Tax Revenue Division offices.

The Tax Stamp must be conspicuously displayed at the business premises or carried on your person (in the case of itinerant traders) for inspection at any time.

Inspection of both VIT Stickers and Tax Stamps will begin from, 15thJuly, 2014.

Affected individuals are advised to buy the Vehicle Income Tax (VIT) Stickers in the case of commercial transport operators and the Tax Stamps in the case of the small-scale self-employed persons in the informal sector to ensure uninterrupted business activity.

 

PROCUREMENT OF WORKS - 2014 (GRA/WK/2014)

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PROCUREMENT OF WORKS - 2014

The Ghana Revenue Authority (GRA) intends to apply part of its budgetary allocation for eligible payments under the contract for which this invitation for tender is issued.

The Ghana Revenue Authority now invites sealed Tenders from eligible Tenderers for the procurement of the mentioned Goods and Works that can be found here ...

 
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Latest News

Filing of VAT/NHIL & CST Returns for July 2014

HAVE YOU FILED YOUR VAT/NHIL & CST RETURNS FOR JULY, 2014?

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3rd Quarter (1st July – 30th September, 2014) Sale of Vehicle Income Tax (VIT) Stickers and Tax Stamps

SALE OF VEHICLE INCOME TAX (VIT) STICKERS

The Commissioner-General of the Ghana Revenue Authority reminds all

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