TAX COMPLIANCE IN GHANA: INTEREST, PENALTIES AND FINES CAN “BITE” VERY HARD (1)
“Tax Rules should be like a bee which collects honey without causing pain to the plant” 1. Our tax obligations to the nation Every person...
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MTC
- Mar 24
- 5 min
TAXATION OF ONLINE & DIGITAL TRANSACTIONS
One of the controversial topics in Taxation in recent times has been the taxation of e-commerce and other online transactions in Ghana....
35 views0 comments
MTC
- Mar 24
- 6 min
BAD DEBT AND ITS VAT IMPLICATIONS IN GHANA
By: Asiwome P. A For most organizations, the issue of bad debt is a bad news so they spend less time considering the VAT implications of...
35 views0 comments
MTC
- Dec 3, 2021
- 3 min
2022 Budget Statement Fiscal Policies
The government of Ghana presented the 2022 Budget Statement on 17th November 2021 with the theme “Building a Sustainable Entrepreneurial...
70 views0 comments
MTC
- Apr 13, 2021
- 7 min
The Taxation of Clothing Allowance of Bank employees: A generous ruling or a compliance burden?
1) Introduction The Income tax Act imposes tax on income from employment, business, or investment. In ascertaining the income from...
1,445 views0 comments
MTC
- Apr 13, 2021
- 4 min
OVER 50 TAX EXPERTS IN GHANA DISSECTS GHANA’S TAX POLICIES ONLINE
Over 50 tax experts and lawyers in Ghana on Thursday 9th July 2020 converged online to critically review Ghana’s tax policies, and how to...
210 views0 comments
MTC
- Apr 13, 2021
- 5 min
TAXATION OF ONLINE & DIGITAL TRANSACTIONS-The Chartered Institute of Taxation to Discuss Way Forward
One of the controversial topics in Taxation in recent times has been the taxation of e-commerce and other online transactions in Ghana....
710 views0 comments
MTC
- Apr 13, 2021
- 6 min
INSTALMENT TAX PAYMENT-Is the 90% rule adequate to avoid the interest and penalties?
Introduction In most tax administration systems, taxes imposed on income are normally in the nature of Pay-as-You Earn. The Pay- As You...
529 views0 comments
MTC
- Apr 13, 2021
- 3 min
COMMUNICATION SERVICE TAX (CST): GHS 2.93 Billion Contribution between 2008 and June 2020
INTRODUCTION Whoever suggested the idea of Communication Service Tax in 2008 in Ghana deserves some praise. From a small beginning since...
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MTC
- Apr 13, 2021
- 5 min
PERSONAL TAX RELIEFS: Are They Really Reliefs?
In calculating the tax payable by individuals, tax laws take into consideration the person’s personal circumstances in life. For...
111 views0 comments
MTC
- Nov 24, 2020
- 4 min
RESTORING PUBLIC FINANCE AFTER COVID-19: -Tax hikes eminent to close the deficit gap
Taxation is necessary if there is to be any form of government, but the necessity of tax does not make it a popular policy, because...
28 views0 comments
MTC
- Nov 24, 2020
- 7 min
A BRIEF REVIEW OF TAXATION OF WINDFALL INCOME AND LOTTERY WINNINGS IN GHANA-
What is Windfall income? Windfall is any amount (mostly large sum of money) that is won or received unexpectedly. Windfall Tax is thus ...
648 views0 comments
MTC
- Nov 24, 2020
- 5 min
IS THE INFORMAL SECTOR A TAX HAVEN?
– A Review of the Vehicle Income Tax Paid by Commercial Vehicles "Taxes are what we pay for civilized society.'' — Oliver Wendell Holmes,...
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MTC
- Jan 8, 2019
- 25 min
TAX COMPLIANCE IN GHANA: A Review of Interest, penalties and fines in Ghana
Tax Compliance in Ghana; Francis Timore
5,388 views2 comments
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