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Replacement of TIN with Ghana Card identification number takes effect April 1

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The replacement of the Taxpayer Identification Number (TIN) with the Ghana Card Unique Identification Number takes effect April 1, 2021.

This is according to the Commissioner-General of the Ghana Revenue Authority (GRA), Rev. Ammishaddai Owusu-Amoah.

According to him, the replacement of the TIN with the Ghana Card Unique Identification Number is to help identify and rope in eligible taxpayers, particularly those in the informal sector.

“The GRA in collaboration with the National Identification Authority and other relevant stakeholders are working to ensure that with effect from 1st April, 2021, the Ghana card Unique Identification Number of the National Identification Authority replaces the Taxpayer Identification Number (TIN),” said the Commissioner-General at a media soiree held by the statutory tax collection body.

“Taxpayers will therefore 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. Taxpayers will also not spend time in acquiring TINs as they will use the Ghana Card Identity Number for tax purposes,” he added.

In a related development, the Commissioner-General noted that the GRA had recently established the High Net Worth Unit to deal with tax affairs of high net worth individuals in the country.

The high net worth category of persons include; musicians, actors and actresses, pastors, international footballers etcetera. The Unit’s mandate is to identify, locate, profile and assess these high net worth persons to tax them.

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Meanwhile, the GRA has announced a provisional tax revenue target of $10.3 billion (Ghs 60 billion) for 2021. This year’s target represents a 32.3 per cent increment over last year’s actual collection of $7.78 billion (Ghs 45.338 billion).

Source: norvanreports
Via: Snr Fuaad Dodoo
Tags: Ghana Card identification numberGhana Revenue Authority (GRA)High Net Worth Unitprovisional tax revenue target of $10.3 billion (Ghs 60 billion)Rev. Ammishaddai Owusu-AmoahTaxpayer Identification Number (TIN)
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