• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 201406

GRA Introduces Transparent System At Ports

20-Jun-2014
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Customs Division of the Ghana Revenue Authority (GRA) has instituted transparent clearing systems at the country�s seaports to ensure the smooth clearance of consignments.

This is part of reforms of Customs procedures at the ports to ensure the efficient mobilisation of revenue.

The Chief Revenue Officer of the Customs Division, Mr Robert N. Mensah, tood participants in educational seminar for taxpayers within the Kinbu Small Taxpayers Office catchment area in Accra that �many countries have shifted from the traditional methods of escort to documentary, electronic and accounts-based systems to facilitate trade and the efficient mobilisation of revenue.�

He added that importers who took advantage of the warehousing opportunity also enjoyed some benefits such as the deferring of duties.

Mr Mensah said the capital of traders who used warehouses would also not be locked up in tax payments, while the warehousing systems could foster export trade.

However, he pointed out that some goods were exempted from being warehoused, which included perishable items, arms, fireworks, clay and sand.


VAT

Speaking on the Value Added Tax (VAT), an official of the Small Taxpayers Office, Mr Kwesi Ackaah, reiterated that there were a number of misconceptions about the 17.5 per cent tax charges that banks were supposed to be charging for the services they rendered.

He explained that financial institutions were to charge the rates on commission and fee-based services, and urged taxpayers to talk to their tax administrators whenever they needed clarifications.

Mr Ackaah said banks which recorded an aggregate of GH�120,000 tax payments a month or GH�30,000 annually were the only financial institutions supposed to register to charge the tax.

�The banks sending text messages to their customers are those who have realised they qualify to charge the tax.�

Source: Daily Graphic

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Fuel Prices To Go Up Next Week

Next Post

Ghana's Economy Is Not In Crisis...It Is Only Evolving - Ayariga

 
 

More Stories

Ghana’s Total Exports Decline By 9%
Economic Conditions Improving – BoG
Absa Bank Ghana Managing Director Moves On
Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF
Govt Reopens Domestic Debt Exchange Programme
U.S and China Owe Half of World’s $235tr Debts - IMF
Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030
Output Growth Hits 28-Month High In August
Energy Sector Levies Rake In GH¢18.35bn In 7 Years
Next Post

Ghana's Economy Is Not In Crisis...It Is Only Evolving - Ayariga

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Ghana’s Total Exports Decline By 9%

  • Economic Conditions Improving – BoG

  • Absa Bank Ghana Managing Director Moves On

  • Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF

  • Govt Reopens Domestic Debt Exchange Programme

  • U.S and China Owe Half of World’s $235tr Debts - IMF

  • Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030

  • Output Growth Hits 28-Month High In August

  • Energy Sector Levies Rake In GH¢18.35bn In 7 Years

  • 2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta

 

 
 

Popular Videos

Kokrokoo Discussion Segment On Peace 104.3 FM (29/09/2023)

GHANA MONTIE WITH MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM 29/09/23)

Peace Power Sports (29/09/2023)

Kokrokoo Live On Peace 104.3 FM (2/10/2023)

Kokrokoo Live On Peace 104.3 FM (29/09/2023)

Akan News @ 6am On Peace 104.3 FM (30/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media