SMEs to pay taxes online- Bawumia pledges

The Vice President of Ghana, Dr. Mahamudu Bawumia, says if the New Patriotic Party (NPP) is given the nod to govern the country for another term, small businesses will pay their taxes online.

This forms part of government’s efforts to digitalise every sector of the country.

At the official launch of the NPP manifesto at Cape Coast on Saturday, Dr. Bawumia stated that this new development will make it easier to monitor the payment of taxes by Small and Medium Scale Enterprises (SMEs).

We want to introduce regulatory flexibility for MSMEs in their compliance because there’s so much hustle under the current dispensation that we see for many MSMEs in complying with taxation. So we want to introduce a simplified tax regime for MSMEs with a very flexible one and make sure they can pay their taxes online. So that tax collectors from GRA cannot come in and harass them for non-payment of taxes. In fact, we would totally discourage payment of tax or levies in cash. You will do it on your mobile phone through mobile money,” he announced.

Still on making the business sector better, Dr. Bawumia promised that every small business will have a unique identification in order to monitor all businesses effectively.

We’re going to introduce a single business identifier. Just as you have for individuals with a National ID card, you’ll have that for businesses so that across interaction with government, there’s one number. And that can easily be done because when you register a business, there is one number anyway. A business registration number is given so that doesn’t require new registration. We’ll just make sure that is your unique identifier.”

Source: Citinewsroom

Comments

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co

Kofi Ahovi

Search This Blog