The Commissioner-General of the Ghana Revenue Authority (GRA) wishes to bring to the attention of the general public that the following amendments have been made to the Internal Revenue Act 2000 (Act 592) by the Internal Revenue (Amendment) Act, 2013 Act 859.
Section 142 of Act 592 Amended;
1. Failure to Furnish Return
Any company or self-employed person that fails to furnish a return of income within the time required under this Act is liable to pay a penalty of four currency points in the case of a company and two currency points in the case of a self-employed person in respect of each day during which the default continues.