Self assessment necessary in the tax regime – GRA

The Ghana Revenue Authority (GRA) is committed to promoting the culture of self-assessment by companies to help ensure voluntary compliance and grow the government purse.

Mr Kingsley Nketia-Dardom, an official of the Internal Revenue Service of the GRA, said Ghana had signed on to an international convention concerning self-assessment, and is working to reach the stated goal by the end of 2015.

The Revenue Officer was speaking at a Tax Education Seminar organized for Medium Tax Payers at Takoradi on the theme: “Tax Education, A Tool for Voluntary Compliance”.

Mr Nketia-Dardom said widening the scope of self-assessment practice was key to roping in more revenue for government.

He urged companies to properly self-assess themselves in order not to incur the wrath of the law.

Mrs Rebecca Adwoa Howard, an official at the Medium Tax Office, urged companies to ensure proper record keeping.

Source: GNA