How Does Withholding Tax Computations Work And Why Is It Relevant?

Compliance with withholding taxes like any other tax obligations is very crucial for any business. In doing so, you save yourself from the closure of operations, fines and penalties, imprisonment, tarnishing of your reputation, interference in business operations, among others. In this article, we provide a highlight of what withholding taxes are, how to compute …

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What to know about VAT registration

  Many have heard about the Valued Added Tax (VAT) system in Ghana. While some have an appreciable knowledge of what it is, others have little or no knowledge about it. Registration for VAT and other related matters are very crucial when it comes to VAT and therefore the need for businesses and individuals alike …

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Gaining more insight into VAT: Which activities attract VAT?

It has been said that “ignorance of the law is no excuse”. Many people have fallen victims of various laws and suffered numerous repercussions. Often upon investigation, it is realized that such people could have easily prevented those unpleasant moments by equipping themselves with knowledge of laws. In Ghana, the Ghana Revenue Authority has had …

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