Withholding Tax Challenges: What You Can Do To Mitigate?
If you have ever dealt with Ghana’s withholding tax system, you know it a costly and hassle filled experience! If you do not know what withholding tax is, and what to expect after they withhold taxes, you are in for a painful experience. In this…
Common Pain Points that Come Up in a Tax Audit
In 2019, the Ghana Revenue Authority (GRA) begun aggressively auditing companies. That posture will not change soon. Expect an tax audit at some point. The auditors approach the audit with an attitude – to raise the maximum amount of taxes. If you don’t know the…
Tax Implications of Changing Your Accounting Year
A company’s accounting year is the period for which it prepares its annual financial statements. It must consistently prepare its financial statements to that date. This enables users of financial statements to compare performance between years. Changing your accounting year has tax implications. It poses…
WHO MUST FILE A TRANSFER PRICING RETURN IN GHANA?
The Ghana Revenue Authority (GRA) finds that many companies do not file transfer pricing return. If you do not file transfer pricing returns you will pay a penalty. Yet, many people are unaware of the Transfer Pricing Regulation. Others are aware but unsure whether they…
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