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Company News of Saturday, April 27, 2019
Source: ghananewsagency.org
2019-04-27
Collaboration, which would be beneficial for both parties
In accordance with Section 5 of the Revenue Administration Act No. 15 of 2016 (Law No. 915), the Ghana Revenue Authority (GRA) and the National Lottery Authority (NLA) have signed a Protocol for the Administration of Revenue (No. agreement to improve revenue mobilization.
Collaboration, which would benefit both parties and the central government, would generate revenue for the Consolidated Fund for National Development.
The collaboration would also increase the visibility, availability and accessibility of GRA and NLA services across the country, primarily through NLA's private sector solar powered kiosk platform.
A statement signed by the ALN Department of Public Affairs and forwarded to the Ghana Press Agency in Accra announced that the two institutions would organize training programs aimed at developing and empowering the recruits of the Corps of builders of nations (NABCO) and to ensure the deployment and monitoring of the system. NABCO beneficiaries must undertake TIN registration exercises to broaden the tax base.
According to the statement, the collaboration would ensure the implementation of the voluntary implementation of tax compliance, especially in the informal economy sector, and the collective use of electronic kiosks and lottery of the NLA to strengthen the penetration of value added tax in the country.
He pointed out that the solar-powered electronic kiosks would be used for the registration of new taxpayers, the preparation of tax returns and the verification of tax discharge certificate, which would help the GRA and the NLA to promote and strengthen the provision of digital services as well as the overall digitization of the Ghanaian economy.
According to the statement, the collaboration between the two institutions would help maximize revenue mobilization and create unprecedented employment in Ghana, especially for young people.
Under laws pbaded by Parliament, the GRA and ALN were both mandated to mobilize revenue for the government for national development.
The statement said the memorandum of understanding between the two institutions would help create an environment conducive to realizing President Akufo-Addo's vision of the Beyond Aid in Ghana program.
He added that the agreement would also propel the country into a Cash Lite company.
The NLA was established under Law 722 as the sole body for the regulation, control, conduct and management of lotteries and lotteries in Ghana, while the GRA was established under Law 791 as a semi-autonomous body responsible for the collection, evaluation and accounting of taxes. income.
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