• 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
Only 10 Out of 300 Repatriated Ghanaians from South Africa Were Legally Staying There — Immigration Authorities

Only 10 Out of 300 Repatriated Ghanaians from South Africa Were Legally Staying There — Immigration Authorities

27 May 2026
Gov’t Receives Ghanaian Evacuees from SA Following Xenophobic Unrest

Gov’t Receives Ghanaian Evacuees from SA Following Xenophobic Unrest

27 May 2026
Eid al-Adha 2026: President Mahama Urges Youth to Be Responsible and Disciplined

Eid al-Adha 2026: President Mahama Urges Youth to Be Responsible and Disciplined

27 May 2026
Member Of Parliament For Salaga-South Constituency Donates Modern Sound Systems To Nkwanta Community

Member Of Parliament For Salaga-South Constituency Donates Modern Sound Systems To Nkwanta Community

27 May 2026
Newly Recruited Teachers Threaten Renewed Protest Over Unpaid Arrears

Newly Recruited Teachers Threaten Renewed Protest Over Unpaid Arrears

27 May 2026
A-G Backs Supreme Court Case to Abolish Party Delegate System

A-G Backs Supreme Court Case to Abolish Party Delegate System

26 May 2026
Ghana Signs Agreement with Jamaica to Deploy Health Workers from June

Ghana Signs Agreement with Jamaica to Deploy Health Workers from June

26 May 2026
From Survival to Strength: Women of Naapal and Gengenkpe Transform Lives Through Shea Processing Initiative

From Survival to Strength: Women of Naapal and Gengenkpe Transform Lives Through Shea Processing Initiative

26 May 2026
Ghana Launches Nationwide Campaign Against Human Trafficking Ahead of 2026 Blue Day

Ghana Launches Nationwide Campaign Against Human Trafficking Ahead of 2026 Blue Day

26 May 2026
Suspended MoMo-to-Bank Charges: Minority Accuses NDC of “Scam” and “Government of Settings”

Suspended MoMo-to-Bank Charges: Minority Accuses NDC of “Scam” and “Government of Settings”

26 May 2026
Engine Failure and Pilot Distraction from Phone Calls Contributed to the Tema Aircraft Crash that Killed 2 Brothers – AIB Report

Engine Failure and Pilot Distraction from Phone Calls Contributed to the Tema Aircraft Crash that Killed 2 Brothers – AIB Report

26 May 2026
NVI Survey Reveals Strong Vaccine Confidence Among Ghanaians, Boosts Hope for Local Vaccine Production

NVI Survey Reveals Strong Vaccine Confidence Among Ghanaians, Boosts Hope for Local Vaccine Production

26 May 2026
ADVERTISEMENT
  • Advertise
Thursday, May 28, 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
79
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

0.75% MoMo-to-Bank Charges: ‘This Wouldn’t Have Happened If Regulators Were Alert’ — Analyst
Business

0.75% MoMo-to-Bank Charges: ‘This Wouldn’t Have Happened If Regulators Were Alert’ — Analyst

26 May 2026
BoG Orders Suspension of Proposed 0.75% Charges on Wallet-to-Bank Transfers
Business

BoG Orders Suspension of Proposed 0.75% Charges on Wallet-to-Bank Transfers

26 May 2026
Mobile Money Transactions Hit GH¢493.2bn as Usage Records Massive Surge
Business

Mobile Money Transactions Hit GH¢493.2bn as Usage Records Massive Surge

21 May 2026

Recent Posts

  • Only 10 Out of 300 Repatriated Ghanaians from South Africa Were Legally Staying There — Immigration Authorities 27 May 2026
  • Gov’t Receives Ghanaian Evacuees from SA Following Xenophobic Unrest 27 May 2026
  • Eid al-Adha 2026: President Mahama Urges Youth to Be Responsible and Disciplined 27 May 2026
  • Member Of Parliament For Salaga-South Constituency Donates Modern Sound Systems To Nkwanta Community 27 May 2026
  • Newly Recruited Teachers Threaten Renewed Protest Over Unpaid Arrears 27 May 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
Only 10 Out of 300 Repatriated Ghanaians from South Africa Were Legally Staying There — Immigration Authorities

Only 10 Out of 300 Repatriated Ghanaians from South Africa Were Legally Staying There — Immigration Authorities

27 May 2026
Gov’t Receives Ghanaian Evacuees from SA Following Xenophobic Unrest

Gov’t Receives Ghanaian Evacuees from SA Following Xenophobic Unrest

27 May 2026
Eid al-Adha 2026: President Mahama Urges Youth to Be Responsible and Disciplined

Eid al-Adha 2026: President Mahama Urges Youth to Be Responsible and Disciplined

27 May 2026
Member Of Parliament For Salaga-South Constituency Donates Modern Sound Systems To Nkwanta Community

Member Of Parliament For Salaga-South Constituency Donates Modern Sound Systems To Nkwanta Community

27 May 2026
abcnewsgh

Copyright © 2026 ABCNewsGH.

Navigate Site

  • Advertise

Follow Us

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

Copyright © 2026 ABCNewsGH.