While some businesses have attempted and found it difficult to make statutory payments, others do not have any idea on how to go about making their statutory payments in this period of COVID-19. This article seeks to give relief from such distressing situations. Statutory payments: what they are and when to pay them These are payments that, per the provisions…
Tax refers to a levy placed on usually incomes earned or on goods and services as a way of raising revenue to primarily support developmental projects. Taxes are broadly in two forms: direct and indirect. While the former is levied on incomes of individuals and on earnings from property, the latter is charged on goods and services. There are a…
In Ghana, taxes are the main source of revenue to the government. This is generated directly from income from employment, business and investment and also indirectly, from goods and services purchased. Excise tax is a form of indirect tax imposed on particular goods such as alcoholic beverages, tobacco products, gasoline, and many others. Over the period, it has been observed…