Tax Flash Alert Tax Flash Alert
Key Amendments - One
Act 1086 has been passed to empower the Commissioner-General (C-G) to establish a monitoring mechanism to determine or verify actual revenues collected by a taxpayer. This took effect from 1 January 2023.
Key Tax Amendments and Enactments to the Minimum and Maximum Insurable Limits
In pursuant to the 2023 Budget Statement presented to Parliament of Ghana on 24 November 2022, three (3) key tax amendments with respect to Revenue Administration (Amendment) Act, 2022 (Act 1086), Value Added Tax (Amendment) (No. 2) Act, 2022 (Act 1087) and Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) has been passed by Parliament and received gazette notification on 29 December 2022.
This flash alert further provides the key overview of the enactments and the revision to the minimum and maximum insurable limits set by the Social Security and National Insurance Trust (SSNIT) in consultation with the National Pensions Regulatory Authority (NPRA)
