The Ghana Revenue Authority (GRA) has begun discussions with key agencies such as the Registrar of Companies and the Social Security and National Insurance Trust (SSNIT) to help identify and track businesses for proper tax compliance.
This move forms part of the Authority’s broader efforts to expand the tax net and improve domestic revenue mobilisation.
Acting Commissioner-General of the GRA, Anthony Sarpong, made the disclosure during an X-Space discussion hosted by Imani Ghana and its media partners on the theme, “Resetting Ghana’s Revenue Mobilization.”
“The strategy is to widen the tax net through the use of technology. As you may be aware, many businesses have moved online and are transacting on various apps and channels. So that’s the way to go,” he stated.
He continued: “Secondly, we are integrating through API with other institutions at data points. For instance, we have commenced discussion with the Registrar of Companies to ensure that every business and individual doing business and registered with them are connected to our data point.”
Mr. Sarpong further added that the Authority is in talks with SSNIT to ensure tax compliance among businesses.
“Another one is SSNIT. We do know that people will file their social security because it is their future for retirement but will not pay their taxes. So, it is essential that we connect with an institution like SSNIT to ensure that every business associated with them can be identified and pay accordingly,” he noted.
He also revealed that the GRA plans to engage business associations, especially in the informal sector, to support its efforts to get more individuals and businesses to declare and pay their taxes.
Source: adomonline.com