Simplify Ghana’s tax system to enable small businesses stay complaint – Chamber for Young Entrepreneurs
The Chamber for Young Entrepreneurs has bemoaned the complexity of Ghana’s tax system. Its Chief Executive Officer, Sherif Gali, disclosed on Joy Business Social that most Small and Medium Enterprises (SMEs) are discouraged by frustrations faced with Ghana’s tax administration. This, he, believes has inspired many of such businesses find ways to avoid and in some cases evade tax. “Our tax system is too complicated for SMEs to understand. Other countries have made it easy for you to understand the system and file your taxes from your comfort.” He explained that various calls have been made to consider a one-time payment to make it easy for both micro and medium sized businesses to adhere to the filing of taxes and stay compliant, but has yielded no results. There was a time we petitioned for a one-time payment just to make it easy and simple, but our call hasn’t been heeded to”. He further lamented how a chunk of their earnings are paid to tax consultants to assist the...