The Ghana Revenue Authority – GRA issued a tax waiver mandated by the passing of the Penalty and Interested Waiver Act 2021 (Act 1065) to aid businesses adversely affected by COVID – 19. The initiative is designed to make tax payment easier for businesses.
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Who qualifies for GRA Tax Waiver?
The tax penalty and interest waiver benefits a person/business who:
- Has not already registered with the GRA
- Registered with GRA but
- Has not submitted returns
- Is in arrears for tax payments waiver
How to qualify
- Submit returns or amended returns with full disclosure of liabilities up to 31st December 2020
- Pay or make arrangements to pay all assessed and tax bills
NB: The GRA will not recover assessed penalty and interest on the tax paid or tax due or prosecute or take action against the taxpayer who compiles by this directive.
How to apply GRA Tax Waiver
A qualified applicants must submit an application and/or his tax returns to the GRA between 1st April 2021 and 30th September 2021 to benefit fully from the tax waiver.
Time Frame
Within 30 days of receiving an application for the tax waiver, the GRA sends a response.
Installment payment
The GRA makes provisions and terms for installation payments for tax arrears.
Exemptions
Taxes and tax returns due from 1st January 2021
Taxpayers who have failed to comply with GRA guidelines related to taxes and tax re-turns due from 1st January 2021.
Denied Application
An applicant may send a written complaint to the GRA within 30 days after receipt of the decision. The GRA shall within 30 days after receipt of the complaint make a decision and notify the applicant.
The applicant can seek redress in a court of competent jurisdiction
