[ad_1]
By
Caleb Kuleke, RNG
Ho, April 08, GNA – Dr
Archibald Yao Letsa, Regional Minister for the Volta, said that taxation remains the
effective tool for countries to mobilize revenue for
development.
He said that Ghana
development program, it was therefore imperative that rigorous strategies and
decisive steps have been taken to raise enough taxes to finance development projects
such as hospitals, markets, school buildings and good roads.
Dr. Letsa was talking
at the second launch of Tax Week and Good Governance and the Taxation Clinic
Ghana Revenue Authority (GRA), in collaboration with the Tax Policy Unit of the
Ministry of Finance by theme; "Produce your tax returns, pay your taxes, move
Ghana Beyond Aid "in Ho.
The minister said
the filing of tax returns was a civic responsibility, hence the need for all to obtain
on board to "meet the aspirations for development".
He said that the income tax
Law of 2015 (Law 896) and the Law of Revenue Administration 2016 (Law 915)
each person eligible to file income tax with the Commissioner-General
no later than four months after the end of each evaluation year, which means that
tax returns was not only a civil liability, but also a requirement of the
law.
Mr. Kwame Owusu Bamfo,
Chief Tax Officer's Office at the Authority, said that the very essence of
program should draw the public's attention to the importance of
tax returns and benefits that the country could derive from these returns.
He said the citizens
would be better able to claim a fair share of the national pie than when
they have contributed effectively to the payment of taxes and the production of tax returns.
Mr. Bamfo said under
the duties of citizens as they are devoted to Article 41 (j) of the 1992 Constitution,
every citizen had to "honestly declare his income to the competent and legal authorities".
agencies to meet all tax obligations ", hence the filing of the declarations of
payments were statutory and constitutional obligations "not a matter of choice".
He said that the GRA had
developed an application system called Integrated Tax Application and
Document Preparation System (iTaPS), which allowed taxpayers to clbadify their
income tax returns from the comfort of their own home.
Mr. Bamfo said that
iTaPS had nine modules, including: Annual Tax Returns, Customs Clearance
Certificate, Withholding Credit Certificate, Withholding Tax Credit
Certificate, Withholding Tax Exemption, Monthly and Annual Returns PAYE,
Personal tax relief, decision support system for the estimation of self-badessment and
Business Records Manager has been implemented in stages.
He said as part of the
The Authority to digitize its processes and leverage technology to improve
the tax administration, it would soon launch an electronic payment platform
enable informal sector operators such as commercial transport
independent operators and small-scale self-employed on the tax stamp
quarterly taxes via mobile money in conjunction with banks.
Mr. Bamfo said that
The authority would soon start prosecuting those who failed to file their annual report.
tax returns on time and called for cooperation from all.
GNA
Source link
