• 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
Dr. Kwesi Biney: Role of International Circle of Faith Chaplain Corps in a Broken World

Dr. Kwesi Biney: Role of International Circle of Faith Chaplain Corps in a Broken World

16 October 2025
Issue of bureaucracy affecting the security service – Dr. Frankly Kwasi Biney

Dr. Kwesi Biney writes: Brief of security intelligence operations

15 October 2025
Public Services Workers Union goes on strike over unpaid allowances

Junior Doctors declare nationwide strike over 14 months of unpaid salaries

3 October 2025
Seven dead, five critically injured in Kasotie galamsey pit collapse

Seven dead, five critically injured in Kasotie galamsey pit collapse

3 October 2025
Zanetor Agyeman-Rawlings calls on EOCO to probe alleged takeover of CMB Abuja Market land

Ghana’s politics is obsessed with elections at the expense of progress – Zanetor Agyeman-Rawlings

3 October 2025
Mahama swears in 18 new Appeals Court judges

Mahama swears in 18 new Appeals Court judges

3 October 2025
Mahama unveils 8-pillar plan to revive Ghana’s economy

“When you go, please return” — Mahama cautions Ghanaians seeking U.S. visas

2 October 2025
Sissala Union petitions Mahama over lack of appointments

Ghana will not be a dumping ground for deportees – Mahama

2 October 2025
Ablakwa’s exposé on National Cathedral full of distortions and misinformation – Secretariat

Ablakwa promises passport centres in every region by December 2025

2 October 2025
TikTok set to shut down in the US by Sunday

TikTok to boost monetisation in Ghana as platform flies in team for creator training — Sam George

1 October 2025
Ghana faces a huge threat with combating HIV – Dr. Kyeremeh Atuahene

Ghana to roll out HIV preventive drug in 2026

1 October 2025
Supreme Court dismisses suits against anti-LGBTQ Bill

Ofori-Atta petitions CID to investigate Justice Kulendi and Richard Jakpa over alleged trial interference

1 October 2025
ADVERTISEMENT
  • Advertise
Friday, November 7, 2025
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
69
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

There is no plan to seek additional IMF support – Ato Forson
Business

IMF begins fifth review of Ghana’s economic performance today

29 September 2025
Reasons for the Cedi’s appreciation
Business

Ghana cedi appreciates by 21% against US dollar in nine months of 2025

17 September 2025
Ghana Stock Exchange market activity drops 87.19% in volume in August
Business

Ghana Stock Exchange market activity drops 87.19% in volume in August

12 September 2025

Recent Posts

  • Dr. Kwesi Biney: Role of International Circle of Faith Chaplain Corps in a Broken World 16 October 2025
  • Dr. Kwesi Biney writes: Brief of security intelligence operations 15 October 2025
  • Junior Doctors declare nationwide strike over 14 months of unpaid salaries 3 October 2025
  • Seven dead, five critically injured in Kasotie galamsey pit collapse 3 October 2025
  • Ghana’s politics is obsessed with elections at the expense of progress – Zanetor Agyeman-Rawlings 3 October 2025
  • 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
Dr. Kwesi Biney: Role of International Circle of Faith Chaplain Corps in a Broken World

Dr. Kwesi Biney: Role of International Circle of Faith Chaplain Corps in a Broken World

16 October 2025
Issue of bureaucracy affecting the security service – Dr. Frankly Kwasi Biney

Dr. Kwesi Biney writes: Brief of security intelligence operations

15 October 2025
Public Services Workers Union goes on strike over unpaid allowances

Junior Doctors declare nationwide strike over 14 months of unpaid salaries

3 October 2025
Seven dead, five critically injured in Kasotie galamsey pit collapse

Seven dead, five critically injured in Kasotie galamsey pit collapse

3 October 2025
abcnewsgh

Copyright © 2023 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

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

Copyright © 2023 ABCNewsGH.