Self-assessment necessary in tax regime – GRA

The Ghana Revenue Authority (GRA) is committed to promoting the culture of self-assessment by companies to help ensure voluntary compliance and grow the government purse.

Mr Kingsley Nketia-Dardom, an official of the Internal Revenue Service of the GRA, said Ghana had signed on to an international convention concerning self-assessment, and is working to reach the stated goal by the end of 2015.

The Revenue Officer was speaking at a Tax Education Seminar organized for Medium Tax Payers at Takoradi on the theme: “Tax Education, A Tool for Voluntary Compliance”.

Mr Nketia-Dardom said widening the scope of self-assessment practice was key to roping in more revenue for government.

He urged companies to properly self-assess themselves in order not to incur the wrath of the law.

Mrs Rebecca Adwoa Howard, an official at the Medium Tax Office, urged companies to ensure proper record keeping.