Tax
From The Report: Ghana 2019
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In conjunction with PwC, this chapter explores the taxation system and Ghana’s efforts to build an investor-friendly environment.

This chapter contains a viewpoint with George Kwatia, Tax Partner, PwC Ghana.

Articles from this Chapter

Overview

Compliance focused: Recent reforms could yield compliance and revenue gains in 2019
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The tax system underwent several significant changes in 2018, and the government budget for 2019 seeks to consolidate and make additions to those changes, with its agenda focused on compliance. The key updates to the tax codes in 2019 will be as follows: • Revision of personal income tax (PIT) rate: The monthly, tax-free band in the PIT rate was adjusted to reflect the change in the minimum wage, with the band increasing from GHS216 ($46.68) to GHS261 ($56.40), effective January 1, 2018.…

Analysis

Lay of the land: Overview of individual, corporate and transactional tax collection
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From 2014 to 2016 the administration made significant changes to the tax regime. Most of the tax laws were either revised or replaced with new legislation. Having made significant changes to tax laws during that period, the government is now focusing on widening the tax net to capture revenue from individuals and businesses operating in the informal sector, and on improving compliance among taxpayers who are already registered. In Ghana tax can only be imposed by an act of Parliament or…

Viewpoint

Assessing compliance: George Kwatia, Tax Partner, PwC Ghana, on the legal framework, compliance and improving tax procedures
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Viewpoint:George Kwatia Tax compliance is central to the government’s agenda in 2019. The minister of finance indicated in the 2019 budget that the government would focus its revenue mobilisation efforts on reforming revenue institutions, intensifying compliance measures and broadening the tax net. However, we must work towards ensuring that compliance is less burdensome for taxpayers, particularly the processes of collecting and maintaining financial data for the regulation of tax compliance…