The Ghana Revenue Authority (GRA) has set a provisional tax revenue target of GH₵60 billion for 2021, representing a 32.3 percent increase over the 2020 actual collection targetted.
The Acting Commissioner-General of the GRA, Mr Amishaddai Owusu-Amoah, who announced this at a media press, said although the task appeared difficult, the GRA would implement innovative measures to meet the target.
According to him, with hard work, right attitude and innovative measures they can achieve its targets.
He said the authority has set out strategies to ensure that they meet this year’s ambitious target.
Among the measures to achieve the 2021 revenue target are the Introduction of New Excise Tax Stamps with enhanced security features, which are difficult to duplicate the use of the unique identification number on the Ghana Card as Taxpayer Identification Number (TIN) to help identify and rope in eligible taxpayers from the 1st of January, 2021.
He said, however, that the old and new stamps would both be in circulation until the old stamps were out of stock.
Also, the GRA in collaboration with the National Identification Authority and other relevant stakeholders are working to ensure that Ghana card Unique Identification Number replaces the Taxpayer Identification Number (TIN) with effect from April 1, 2021.
In this direction, the Commissioner-General said taxpayers would be required to use the Ghana Card Identity Number for tax purposes as well.
“This replacement of identification will enable the organisations share important data and also help identify and rope in eligible taxpayers, especially in the informal sector,” he said.
Other approaches include taxing players in the e-commerce market, completion of the restructured Domestic Tax Revenue Division by the end of the first quarter to bring services closer to taxpayers for improved compliance and service delivery, as well as the deployment of information technology tools for paying taxes conveniently.
The rest, he said, comprised increased tax education exercises to ensure voluntary tax compliance, prosecution of tax defaulters and persons who infringed on the tax laws and taxing of high net worth individuals in the country.
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