The deadline for filing the 2025 annual income tax return is 30 April 2026. This return covers your total income earned for the year 2025. It doesn’t matter whether you earned income from employment, business or investment. As long as you earned any income during the year, you are required to file this return. This […]
2025 annual income tax return – have you filed yours? Read More »
The new Ghana Investment Promotion Authority law requires registration of every Technology Transfer Agreement before expenses can be deducted by the company making the payment.
We compare the existing GIPC law to the new law. All the significant changes have been highlighted.
Ghana’s new investment promotion law vrs the old one Read More »
In a significant reversal, mining companies will now pay the Growth and Sustainability Levy at 1% of gross production. This amendment is anchored on the new royalty regime.
Ghana reduces GSL on mining companies from 3% to 1% Read More »
This change represents a significant step toward the digitisation of the tax net in Ghana. While the administrative burden is higher, it significantly reduces the likelihood of fraudulent input claims and should, in theory, speed up tax audits.
Notice from the GRA: introduction of input VAT schedule Read More »
The full judgment from the Court of Appeal is available.
Full judgment: The Republic v Commissioner-General, Ex parte: Agility Distribution Parks Read More »
Seadrill argues that as long as the GRA continues to talk to them and adjust numbers, a “Final Objection Decision” hasn’t been reached. The GRA argues that once they issue an “Objection Decision,” the 30-day countdown is set in stone, regardless of any polite letters sent afterward. Who is right?
The Court of Appeal has affirmed the High Court’s judgment without any fresh reasoning. This decision means the definition of manufacturing business should not be restricted to the technical process to enable a manufacturer to benefit from the location incentive. Further, photocopies may be accepted by the courts under some situations.
Orica v CG – Judgment and full written submissions of the parties are available Read More »
In a notable reversal, the Court of Appeal has ruled that taxpayers are entitled to cash refunds for excess VAT, rather than mere book credits. By applying the principle of harmonious interpretation, the Court determined that the general refund provisions of the Revenue Administration Act (Act 915) complement the specific rules of the VAT Act. This decision challenges the long-standing GRA practice of mandatory credit carry-forwards, though a Supreme Court appeal appears imminent.
Court watch: Court of Appeal rules in favour of Agility and orders refund of excess VAT Read More »
The Ministry of Finance’s recent directive to revoke withholding tax exemptions for payments made by MDAs appears to be based on a misunderstanding of the tax credit system. Under Act 896, taxpayers are already required to pay estimated taxes in quarterly installments; withholding tax simply acts as a credit against these payments. By removing exemptions for government contracts, the GRA risks creating unnecessary refund liabilities for companies in loss positions, without actually increasing the total tax yield for the fiscal year.
