Last edited by Malataxe
Thursday, August 6, 2020 | History

4 edition of Tax reform and revenue productivity in Ghana found in the catalog.

Tax reform and revenue productivity in Ghana

by Newman Kwadwo Kusi

  • 251 Want to read
  • 8 Currently reading

Published by African Economic Research Consortium in Nairobi .
Written in English

    Places:
  • Ghana.
    • Subjects:
    • Taxation -- Ghana.,
    • Revenue -- Ghana.

    • Edition Notes

      Statementby Newman Kwadwo Kusi.
      SeriesAERC research paper ;, 74
      Classifications
      LC ClassificationsHJ3082 .K84 1998
      The Physical Object
      Pagination59 p. :
      Number of Pages59
      ID Numbers
      Open LibraryOL145159M
      ISBN 109966900543
      LC Control Number99891196

      A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. According to the House report to the Revenue Act of , “When any person sells an invention or a book or other artistic work which is the product of his personal effort his income from the sale is taxed as ordinary income, (even if it was) the first time he may have engaged in such a trade or business.”.

      New tax bill area of interest: U.S. taxes on international operations. ONESOURCE International Tax Calculator will automate the calculation of U.S. tax on foreign source income for the tax provision process with templates for Subpart F income, Section inclusions, and the US Foreign Tax Credit, as well as the new regulations for Section , GILTI, BEAT, and FDII. Ghana budget commentary and tax highlights March Sowing the seeds for growth & jobs. intention to boost production through tax reductions while also improving revenue streams by various tax administration initiatives. The tax proposals are however subject to Ghana budget commentary and tax highlights 4 Economy and sector.

        Productivity is an economic measure of output per unit of input. Inputs include labor and capital, while output is typically measured in revenues and .   The Ghana Revenue Authority (GRA) has said it is focused on meeting its tax revenue target of GH¢34 billion for GRA set to meet revenue target - Graphic Online Graphic Business.


Share this book
You might also like
Petroleum engineering

Petroleum engineering

collection of problems in illustration of the principles of theoretical mechanics

collection of problems in illustration of the principles of theoretical mechanics

Tract on comets

Tract on comets

Guernsey street and road names

Guernsey street and road names

Analysis of electroplating and related solutions.

Analysis of electroplating and related solutions.

Crosswind

Crosswind

Pleasures of the water cure

Pleasures of the water cure

Love of life

Love of life

Microcomputer applications of, and modifications to, the modular fault trees

Microcomputer applications of, and modifications to, the modular fault trees

department of public works: a community emergency organization

department of public works: a community emergency organization

Girls and computers

Girls and computers

Reducing the school dropout rate--

Reducing the school dropout rate--

Ossification and growth of children from one to eight years of age

Ossification and growth of children from one to eight years of age

Pattern poetry

Pattern poetry

Student Edition of VizAbility for Macintosh

Student Edition of VizAbility for Macintosh

study of young high school graduates

study of young high school graduates

Narrative of thirty-four years slavery and travels in Africa

Narrative of thirty-four years slavery and travels in Africa

Leaves of grass, Boston, Thayer and Eldridge, year 85 of the States (1860-61)

Leaves of grass, Boston, Thayer and Eldridge, year 85 of the States (1860-61)

Eastern Front

Eastern Front

Tax reform and revenue productivity in Ghana by Newman Kwadwo Kusi Download PDF EPUB FB2

Additional Physical Format: Online version: Kusi, Newman Kwadwo. Tax reform and revenue productivity in Ghana. Nairobi: African Economic Research Consortium, © This paper evaluates the revenue productivity of Ghana's overall tax system and of individual taxes on the basis of estimates of tax buoyancies and elasticity.

It also looks at the links between the tax reform of and revenue performance,as well as at ways of mobilizing additional revenue. IDRC - Lib. Revenue productivity implications of tax reform in Tanzania.

This report is presented as received by IDRC from project recipient(s). It has not been subjected to. Tax incentives and benefits under investment code Sources of government revenue. (percentage of total revenue) Budget estimates of tax revenue and actual outcomes, In view of the above observations, this report on Tax Reform in Ghana has been studied in six sections: Section 1 is the Introduction and the context in which tax reform has been undertaken in Ghana; Section 2 spells out the objectives of tax system and examines the useFile Size: KB.

Ghana's tax reforms constitute the major policy instrument needed to accelerate growth and poverty reduction. Over the past two decades, the government has consistently spent more revenue than it.

revenue in Ghana, followed by taxes on domestic goods and services and then taxes on income and property. Total tax revenue for the year amounted to % of Gross Domestic Product (GDP).

Taxes on international trade as a proportion of total revenue averaged % (Bank of Ghana, ). Ghana’s tax reforms constitute the major policy instrument needed to accelerate growth and poverty reduction. Over the past two decades, the government has consistently spent more revenue than it is able to generate and the gap is often financed with foreign aid which has perpetuated the country’s aid dependency.

Two options can be explored to reduce the gap between government revenue and. "The purpose of this study is to examine the revenue productivity implications of tax reform in Tanzania, focusing it as a way of raising the productivity of the tax system.

Specific objectives are: (1) to analyze the productivity performance of the tax system and individual major taxes, which will. Revenue productivity implications of tax reform in Tanzania.

Revenue productivity implications of tax refor inm Tanzania Nehemiah E. Osoro University of Dar-es-Salaam AERC Research Paper 20 that the tax system ars e not revenue productive Som. e ma y overloo thik ans d. public spending in the most efficient way.6 Developing countries would like to increase 2 Richard M.

Bird, Tax Policy and Economic Development (Baltimore: John Hopkins Press, ) at [hereafter referred to as ‘Bird, ’]. 3 Bird, 4 Ibid. 5 Ibid. 6 Vito Tanzi and Howell H.

Zee, Tax Policy for Emerging Markets: Developing Countries. Budget Highlights “Putting Ghana Back to ambitious adjustment and reform agenda. Inthe overall GDP growth is projected to rise to %, from % inowing largely to stepped-up oil production and the deferral of revenue over the total projected tax revenue for the year Overall, we believe that Government’s.

Assessing The Performance Of Ghana Revenue Authority In Tax Revenue Mobilization DOI: /X 66 | Page Table 3b: Performance Measures NET RETURNS 13, AVERAGES (Tax Revenues EFFICIENCY - Tax Expenditures) x Tax Revenue % Tax structur ien Kenya 3 Kenya tax reforms 4 VAT and cxcisc reforms 5 Income tax reform 6 s 3 Custom reforms 7 Tax administratio reformn s 8 Statemen ot f the problem 9 Research question 1s 0 Objectives of the study 11 Significance o f the study 11 CHAPTER TWO LITERATURE REVIEW Downloadable.

This paper estimates taxable capacity, tax effort and tax burden with a view to examining the tax fairness perceptions and tax system efficiency. The study employed ordinary least squares regression and vector autoregressive model for historical time series data sourced from the World Development Indicators and Bank of Ghana.

We found that Ghana’s overall tax burden and average. Get free Research Paper on A Study Into The Impact Of Tax Reform On Investmentment Decision In Ghana (Revenue Authority, Accra) project topics and materials in Nigeria. This is approved for students in accountancy, business, computer science, economics, engineering, arts.

The importance, effect, causes, relationship, comparison, history, role, solutions are discussed. A new tax law, Income Tax Act, (Act ) was passed in September to administer Direct Taxes. This replaces the Internal Revenue Act (Act ), which was passed in and the various amendments to it.

A new Regulation is also to be passed to replace the Internal Revenue Regulations, (L. OVERVIEW OF TAX ADMINISTRATION REFORMS IN GHANA. Tax administration in Ghana has a relatively long history. Information from the Internal Revenue Service (IRS) indicates that the first customs law was passed under colonial rule in and later replaced in by a customs law based on the United Kingdom Customs Consolidated Act, that encourage tax payment by small-scale self-employed businesspersons.

A major reform in recent times () is the integration of the three major tax revenue institutions - Internal Revenue Service (IRS), the VAT Service and the Customs, Excise and Preventive Service (CEPS) - into a single agency - The Ghana Revenue Authority (GRA).

Why Taxation reform is needed in Ghana. By Kwame Osei, Dr. Listen to article. A solution to incorporating tax revenue from the expanding informal sector is to introduce a self-assessment tax scheme whereby employers in the informal sector, many of whom are self-employed can make an accurate assessment of the amount of tax they are able to.

Ghana is, must ensure that tax collection is based on transparent and contestable rules in a fair manner; for this is the way revenue is collected in any country that can measure its respect for citizen’s rights.After a thorough research on the revenue structure of Ghana, it became evident that revenue from tax was a big source of income to the government of Ghana, and needed much attention because; taxation in Ghana like most West African Countries faced numerous challenges such as Tax Evasion (which is the biggest challenge of Taxation).

A tax audit is an evaluation of an organization’s tax returns and underlying records by the GRA. The primary purpose of a taxaudit is to give the GRA reasonable assurance that the tax returns are accurate and complete, and that the correct amount of taxes have been declared and paid.