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Items filtered by date: March 2018

DOMESTIC TAX REVENUE DIVISION

QUARTERLY PAYMENT OF INCOME TAX

FIRST QUARTER 2018

 

The Commissioner-General of the Ghana Revenue Authority (GRA) wishes to remind All Taxpayers, Companies, Entities, Individuals including Self-Employed Persons and Partnerships that the First Quarter Income Tax installment payment for 2018 is due by 31st March, 2018.  The first quarter installment payment must be settled on or before Saturday, 31st March, 2018.

 

Please note that failure to pay Income Tax on due date attracts an interest of 125% of the statutory rate compounded monthly on the outstanding tax. 

 

NOTE  

AS 31ST MARCH, 2018 FALLS ON A WEEKEND AND HOLIDAY, PAYMENT OF INCOME TAX MUST BE RECEIVED AT THE TAX OFFICE BY 12 NOON THURSDAY, 29TH MARCH, 2018.

 

COMMISSIONER-GENERAL

Visit our website: www.gra.gov.gh

#OurTaxesOurFuture

 

DOMESTIC TAX REVENUE DIVISION

FILING OF VALUE ADDED TAX (VAT)/

NATIONAL HEALTH INSURANCE LEVY (NHIL) & 

COMMUNICATIONS SERVICE TAX (CST) RETURNS

FOR FEBRUARY 2018 

GHANA REVENUE AUTHORITY (GRA) REMINDS ALL VAT REGISTERED PERSONS THAT VAT/NHIL AND COMMUNICATIONS SERVICE TAX (CST) RETURNS FOR FEBRUARY 2018 SHOULD BE SUBMITTED ON THE VAT/NHIL AND CST RETURNS FORMS NOT LATER THAN THURSDAY, 29TH MARCH, 2018 WHICH IS THE LAST WORKING DAY OF THE MONTH.

FILE YOUR VAT/NHIL & CST RETURNS EARLY AND AVOID PAYMENT OF PENALTIES.  FOR VAT/NHIL THE PENALTY IS 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 CST OPERATORS, LATE FILING OF RETURNS ATTRACTS A PECUNIARY PENALTY OF TWO THOUSAND GHANA CEDIS (GH¢2,000) AND A FURTHER PENALTY OF FIVE HUNDRED GHANA CEDIS (GH¢500.00) FOR EACH DAY THE RETURN IS NOT SUBMITTED.

REMEMBER TO SUBMIT THE FEBRUARY 2018 RETURNS FORMS NOT LATER THAN THURSDAY, 29TH MARCH, 2018 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. 

 

COMMISSIONER-GENERAL

www.gra.gov.gh

 

DOMESTIC TAX REVENUE DIVISION

MISSING VAT INVOICE 

The Commissioner-General of the Ghana Revenue Authority (GRA) announces for the information of the general public the loss of VAT Invoice booklet with serial numbers 3815901 to 3815950 and 10369250-10369300 issued  to Gold-Kap Eng. by the Madina Small Taxpayer Office (STO).  

Anyone with information on the missing VAT Invoices should kindly report to any of the following places: the nearest police station, the Madina STO, Hollywood Complex, Oman FM building Madina Zongo or contact the GRA Head office, Off Starlets 91 Road, near Accra Sports Stadium, Ministries or Call Telephone numbers (0302) 519963/519964 or Email Information to This email address is being protected from spambots. You need JavaScript enabled to view it.

COMMISSIONER-GENERAL

www.gra.gov.gh

 

EXCISE STAMP DUTY MESSAGES FOR E-CAMPAIGN.
The strategy is to post two messages plus visuals every week under the #OurTaxesOurFuture

(1)What is the Excise Tax Stamp?
The Excise Tax stamp is a specially designed stamp with digital and other security features which is affixed on excisable goods to show that taxes and duties have been paid. The stamp is affixed on specified excisable goods in Ghana, whether locally manufactured or imported into Ghana.

(2)Why introduce the Excise Tax Stamp
·To control the importation and local production of excisable goods (products) for revenue purposes
·Check the illicit trading, smuggling and counterfeiting of excisable products
·Check under-declaration of goods
·Protect and increase tax revenue

(3)Which products are affixed with the Excise Tax Stamp
·Cigarettes and other tobacco products;
·Alcoholic beverages including spirits whether bottled, canned, or packaged in any other form;
·Non – alcoholic carbonated beverages whether bottled, canned or packaged in any other form;
·Bottled water
·Any other excisable product prescribed by the Minister of Finance.

(4)Will the stamps be affixed on only Ghana made products?
No. the specified excisable goods whether locally manufactured or imported shall be affixed with stamp.
All goods that attract Excise duty, whether locally manufactured or imported are affixed with the stamp. These are;
·Cigarettes and other tobacco products;
·Alcoholic beverages including spirits whether bottled, canned, or packaged in any other form;
·Non – alcoholic carbonated beverages whether bottled, canned or packaged in any other form;
·Bottled water
·Any other excisable product prescribed by the Minister of Finance.

(5)When does the Excise Tax Stamp policy start
Enforcement at the ports of entry- 1st January, 2018
Enforcement at the point of sale 1st March, 2018

(6)Do you have to register to get the Excise Tax Stamp?
Yes. A person who intends to manufacture or import the affected product is required to apply for registration. An importer or manufacturer qualifies to be registered if the applicant has a valid Taxpayer Identification Number (TIN). The importer or manufacturer can apply in writing to GRA to be registered. The registration could also be done online through the excise tax stamp portal www.ghanataxstamp.com

(7)Is the Excise Tax Stamp a new Tax?
No. The Excise Tax Stamp is not a new tax. It is a means of identifying goods on which Excise Tax has been paid or will be paid. Please inform GRA if you see excisable goods being sold without the Stamps.

(8)Is the Excise Duty and other taxes included in the cost of the Excise Tax Stamp?
No. The cost of the Excise Tax Stamp is solely for the stamp but does not include the duty and taxes on the product.

(9)How many types of stamp do we have?
There are currently three (3) different designs of the stamp for the following categories:
I.Alcoholic beverages, water and carbonated soft drinks
II.Spirits and wine
III.Tobacco

The stamps for domestic products are coloured orange whilst purple coloured stamps are for imported products.

When and where can this stamp be affixed?
·Excisable goods imported into Ghana could have the stamps affixed to
them by the authorized foreign manufacturer of the importer before export to Ghana.
·At the point of entry in a specified facility operated by GRA.
·A place or premises approved by GRA i.e. A bonded warehouse or any
premises considered appropriate for the security of the goods and revenue
·A local manufacturer is required to affix the tax stamp on each product unitof all excisable goods before the product is delivered out of the factory.

What is the Penalty for failing to affix the Excise Stamp?
Three (3) months after the coming into force of the law,(from March any specified excisable product found displayed without the tax stamp will be liable to seizure and the person selling/distributing or displaying the products shall be liable to a fine not exceeding three hundred percent of the duty involved or a term of imprisonment of not more than five years or both


REMEMBER THAT
1. Stocks of excisable products on sale or manufactured before the coming into force of the Act may continue to be sold without the stamps up to 28th February, 2018. From 1st March, 2018 however, the importer, retailer, wholesaler or manufacturer (taxpayer) must take inventory of the goods and buy the stamps to affix on the outstanding products.
2. Manufacturers of excisable products are required to file monthly excise duty returns in the usage of the stamps as prescribed.


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Tel: +233- (0) 302 904545

or

Tel 2: +233- (0) 302 904546

 

 

 

 

 

 

 

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