• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GRA Commissioner General defends imposition of Vehicle Income Tax

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
1.8k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GRA Commissioner General defends imposition of Vehicle Income Tax

In a bold move to broaden Ghana’s tax base, the Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr. Ammishaddai Owusu-Amoah, has staunchly defended the decision to levy the owners of ride-hailing vehicles.

The imposition of the Vehicle Income Tax (VIT) on these operators, he asserts, is a pivotal step in ensuring that businesses operating within the burgeoning E-Commerce domain are not exempted from contributing to the nation’s revenue pool.

Speaking in a yet-to-be-aired interview on Joy News’ PM Express, Dr. Owusu-Amoah emphasized the necessity of this move.

“Deepening and widening the tax net is imperative. If sectors remain untapped, it’s our duty to integrate them,” he remarked.

The GRA’s recent announcement underscores this commitment. Effective January 1, 2024, ride-hailing vehicle owners will be subjected to the VIT, as stipulated under Section 22 of Regulations 2016, LI 2244.

Consequently, ride-hailing giants like Uber, Yango, and Bolt are mandated to recalibrate their digital infrastructures to accommodate these new fiscal requirements.

RelatedPosts

Ghana, Turkey Renew Commitment to Achieve $1bn Trade Target Before 2027

Prof Bokpin Urges Gov’t to Boost Export Competitiveness to Benefit from China’s Zero-Tariff Policy

Verstappen Surges to Commanding Victory in US GP Ahead of Norris and Leclerc

Defending the GRA’s evolving taxation methodologies, Dr. Owusu-Amoah highlighted the imperative of innovation in revenue collection. “The landscape is evolving, with businesses gravitating towards E-Commerce. Our approach must mirror this evolution,” he articulated.

The commissioner further acknowledged concerns regarding the perceived gaps in the tax net, revealing that such feedback spurred the GRA’s proactive measures, not just limited to the ride-hailing sector but also encompassing the broader informal economy, notably artisans.

The traction gained from the E-Commerce sector is palpable. Dr. Owusu-Amoah divulged a significant uptick in revenue, noting, “Since the inception of our E-Commerce Registration, we’ve garnered close to a billion cedis.” This achievement underscores the potential of the digital marketplace as a formidable revenue stream.

Looking ahead, the GRA’s fiscal ambitions are robust. The 2024 Budget earmarks an ambitious tax revenue mobilization target of ₵136 billion. Undeterred by the magnitude of this objective, Dr. Owusu-Amoah exuded confidence, asserting, “Our groundwork is solid. The coming months will witness enhanced revenue mobilization.” Additionally, he shed light on collaborative initiatives with the International Monetary Fund (IMF), emphasizing concerted efforts towards aggressive domestic revenue mobilization.

Ghana’s tax landscape is undergoing a paradigm shift, with the GRA spearheading innovative strategies to bolster revenue collection and ensure fiscal sustainability.

Tags: graGRA Commissioner General defends imposition of Vehicle Income TaxVehicle Income Tax
No Result
View All Result

Highlights

Asante Kotoko Falls to Wydad Casablanca in CAF Confederation Cup Preliminary Round

GPL: Hearts Back to Winning Ways, Aduana Shine on the Road, Bechem United Break Winless Run

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Silver Price Falls More Than 6% as Precious Metals Retreat

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

Trending

Business

Ghana, Turkey Renew Commitment to Achieve $1bn Trade Target Before 2027

October 20, 2025

Ghana, Turkey Renew Commitment to Achieve $1bn Trade Target Before 2027  Deputy Minister for Trade, Agribusiness and...

Prof Bokpin Urges Gov’t to Boost Export Competitiveness to Benefit from China’s Zero-Tariff Policy

October 20, 2025

Verstappen Surges to Commanding Victory in US GP Ahead of Norris and Leclerc

October 20, 2025

Asante Kotoko Falls to Wydad Casablanca in CAF Confederation Cup Preliminary Round

October 20, 2025

GPL: Hearts Back to Winning Ways, Aduana Shine on the Road, Bechem United Break Winless Run

October 20, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.