• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • World
GRA set to implement 3 new taxes on May 1

GRA introduces new tax regime: Businesses with turnover below GHS 20,000 to pay GHS 25 to GHS 45 …

27 June 2025
Trump Pulls the Plug as U.S. Cuts Ties With Multiple UN, International Organizations

Trump Pulls the Plug as U.S. Cuts Ties With Multiple UN, International Organizations

8 January 2026
‘We Didn’t Promise 24-Hour Economy in Six Months’ – Mahdi Gibrill

‘We Didn’t Promise 24-Hour Economy in Six Months’ – Mahdi Gibrill

8 January 2026
NPP’s Senyo Amekplenu Accuses Government of Manipulating Inflation Figures

NPP’s Senyo Amekplenu Accuses Government of Manipulating Inflation Figures

8 January 2026
Former Finance Minister Ken Ofori-Atta in U.S. Immigration Detention as Lawyers Work to Seek His Release

Former Finance Minister Ken Ofori-Atta in U.S. Immigration Detention as Lawyers Work to Seek His Release

8 January 2026
One Year On In Office: Mahama Says Tough Reforms Have Laid Foundation for Sustainable Progress

One Year On In Office: Mahama Says Tough Reforms Have Laid Foundation for Sustainable Progress

7 January 2026
U.S Seizes Two Oil Tankers Linked to Venezuela

U.S Seizes Two Oil Tankers Linked to Venezuela

7 January 2026
Consumers Feel Some Relief As Inflation Ends 2025 at 5.4%

Consumers Feel Some Relief As Inflation Ends 2025 at 5.4%

7 January 2026
UK, France to Guarantee Ukraine’s Security

UK, France to Guarantee Ukraine’s Security

7 January 2026
COPEC Calls For Transport Fare Cut Following Significant  Fuel Price Reductions

COPEC Calls For Transport Fare Cut Following Significant Fuel Price Reductions

6 January 2026
Accra – Kumasi Expressway: It’s a Shame that We Have a Single Lane Road Linking Our Two Major Cities – President Mahama

Accra – Kumasi Expressway: It’s a Shame that We Have a Single Lane Road Linking Our Two Major Cities – President Mahama

6 January 2026
Asantehene Pays Historic Maiden Visit to Ghana Police Service

Asantehene Pays Historic Maiden Visit to Ghana Police Service

6 January 2026
GFA Charges Hearts Assistant Coach Abdulai Gazale Over Tarkwa Touchline Incident

GFA Charges Hearts Assistant Coach Abdulai Gazale Over Tarkwa Touchline Incident

6 January 2026
ADVERTISEMENT
  • Advertise
Thursday, January 8, 2026
abcnewsgh
  • Home
  • News
  • Politics
  • Business
  • Sports
No Result
View All Result
abcnewsgh
No Result
View All Result
Home Business

GRA introduces new tax regime: Businesses with turnover below GHS 20,000 to pay GHS 25 to GHS 45 …

by Newsroom
27 June 2025
in Business
0
GRA set to implement 3 new taxes on May 1
74
VIEWS
ShareTweetSendSend

The Ghana Revenue Authority (GRA) will from July 1, 2025, implement a modified tax system targeted at improving compliance and widening the tax net, especially within the informal sector.

The new regime will see informal workers who are not yet registered with the GRA but earn less than GHS 20,000 annually pay a flat quarterly tax ranging between GHS 25 and GHS 45.

The announcement was made by the GRA’s Assistant Commissioner for Research and Policy, Dr. Alex Kombat, during the launch of a report on informal sector tax compliance in Accra.

“We have developed a system called modified taxation,” Dr. Kombat stated.

“Those with turnover below GHS 20,000 will pay a fixed amount—GHS 25, GHS 35, or GHS 45. For those with turnover between GHS 20,000 and GHS 500,000, we’ll apply a 3% tax on their turnover. This marks a shift from the traditional tax collection methods.”

He appealed to the public and especially the media to support the roll-out of this reform, which aims to make tax contributions more equitable and predictable.

The initiative has received endorsement from tax advocacy groups.

Jennifer Moffatt, Country Manager for BudgIT Ghana, called for collaboration between the GRA and local assemblies to boost tax confidence.

“Many informal sector workers feel more comfortable paying levies to local authorities than to the GRA,” she explained.

Esi Sam, Chairperson of the Society for Women in Taxation, welcomed the initiative, saying it would enhance understanding and encourage compliance.

“When you understand something, it becomes easy to do because it’s straightforward,” she said, noting that the simplified model will reduce anxiety around taxation for many workers.

Tags: GRAtax
ShareTweetSendSend
Newsroom

Newsroom

Related Posts

Consumers Feel Some Relief As Inflation Ends 2025 at 5.4%
Business

Consumers Feel Some Relief As Inflation Ends 2025 at 5.4%

7 January 2026
IMF Eyes August 2026 As End Date for Ghana’s Bailout Programme
Business

IMF Eyes August 2026 As End Date for Ghana’s Bailout Programme

25 December 2025
ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility
Business

ShEquity Opens Applications for Ghana’s First Gender-Smart Climate Technical Assistance Facility

16 December 2025

Recent Posts

  • Trump Pulls the Plug as U.S. Cuts Ties With Multiple UN, International Organizations 8 January 2026
  • ‘We Didn’t Promise 24-Hour Economy in Six Months’ – Mahdi Gibrill 8 January 2026
  • NPP’s Senyo Amekplenu Accuses Government of Manipulating Inflation Figures 8 January 2026
  • Former Finance Minister Ken Ofori-Atta in U.S. Immigration Detention as Lawyers Work to Seek His Release 8 January 2026
  • One Year On In Office: Mahama Says Tough Reforms Have Laid Foundation for Sustainable Progress 7 January 2026
  • Trending
  • Comments
  • Latest
PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

PROFILE OF COP CHRISTIAN TETTEH YOHUNO, DEPUTY INSPECTOR GENERAL OF POLICE

18 July 2024
China displeased with Ghana media misreporting of IMF deal

China displeased with Ghana media misreporting of IMF deal

25 May 2023
Bawumia declares 2024 presidential bid

Group picks up NPP’s flagbearership forms for Bawumia.

26 May 2023
LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

LIST OF RIVERS POLLUTED BY GALAMSEY ACTIVITIES IN GHANA

12 September 2024
2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2024 Election: Ayariga claims ‘Vote Theft’, pitches APC as ‘Third Force’

2
Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

Hassan Ayariga accuses EC of auctioning Presidency to wealthiest bidders

1
‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

‘I will import necessary goods in 6 months, lockdown the economy for 1 year’ – Hassan Ayariga explains his policies

1
Bawumia launches local streaming platform Ghana Music Xperience

Bawumia launches local streaming platform Ghana Music Xperience

1
Trump Pulls the Plug as U.S. Cuts Ties With Multiple UN, International Organizations

Trump Pulls the Plug as U.S. Cuts Ties With Multiple UN, International Organizations

8 January 2026
‘We Didn’t Promise 24-Hour Economy in Six Months’ – Mahdi Gibrill

‘We Didn’t Promise 24-Hour Economy in Six Months’ – Mahdi Gibrill

8 January 2026
NPP’s Senyo Amekplenu Accuses Government of Manipulating Inflation Figures

NPP’s Senyo Amekplenu Accuses Government of Manipulating Inflation Figures

8 January 2026
Former Finance Minister Ken Ofori-Atta in U.S. Immigration Detention as Lawyers Work to Seek His Release

Former Finance Minister Ken Ofori-Atta in U.S. Immigration Detention as Lawyers Work to Seek His Release

8 January 2026
abcnewsgh

Copyright © 2023 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports

Copyright © 2023 ABCNewsGH.