Meet Ghana, our newest BDO office in Africa

The modern accountant’s role is changing because of the evolution of technology. The days of accountants mostly processing data are long gone; today, accountants are offering data-driven insights that impact important company decisions. Data-driven accountants must learn critical data analytics skills to succeed in today’s data-driven environment.

In April 2023, the government of Ghana passed 3 amendments to the tax laws. Act 1094 to amend the Income Tax Act 2015 (Act 896). Act 1093 amends the Excise Duty Act 2014 (Act 878), and Act 1095 introduces the Growth and Sustainability Levy. The amendments are effective from 1st May 2023. Outlined below are the key highlights of these amendments:

The government of Ghana outlined tax policy measures in the 2023 Budget statement. The proposed policy was brought into effect when the Parliament of Ghana assented Value Added Tax (Amendment) (N0 2) Act 2022 (Act 1087) and Electronic Transfer Levy (Amendment) Act 2022 (Act 1089).

Perhaps, The Ghana Revenue Authority (GRA) has audited you and hit you with an unexpected assessment. Or you have heard of other companies that GRA has audited and hit with surprising tax bills. The risk that GRA may hit you with an unforeseen tax is now a major concern for Ghanaian businesses.

The Ghana Revenue Authority (GRA) taxpayer portal is a work in progress. GRA often adds or changes features of the portal without adequate education and information. You often get to know of the changes when using the portal.

After you file a tax return on Ghana.Gov, it becomes a pending liability on the Pending Payment screen. Before you can make payment on Ghana.Gov, you must generate a tax bill from the Taxpayers portal for the tax type you have filed. Follow the steps below to make a payment.

Employers must file monthly PAYE returns and make tax payment by the 15th of the subsequent month.

An employment contract is a legal agreement between an employer and an employee that outlines the terms and conditions of their working relationship.