Tax Flash Alert Tax Flash Alert
Introduction
In a bid to improve the effectiveness of tax administration and enhance the tax dispute resolution process, the Parliament of Ghana passed an amendment called the Revenue Administration (Amendment) Act, 2020 (Act 1029) which was gazetted on 6 October 2020.
Inauguration of the Independent Tax Appeals Board (ITAB)
Act 1029 provides for the establishment of the Independent Tax Appeals Board (ITAB). The ITAB is to enhance the transparency and fairness of the tax objection and adjudication process, and reduce litigation pressures on the tax courts.
In fulfilment of this, the Finance Minister, Hon. Ken Ofori-Atta on 22 January 2023 inaugurated into office a 11-member board. This flash alert provides an overview of what taxpayers should know concerning the inauguration of the ITAB.
