Ghana Revenue Authority kickstarts process to tax online businesses including those on Facebook

The Ghana Revenue Authority says it has commenced processes to enable it to impose taxes on businesses that sell products and services on the internet including Facebook.

Ghana Revenue Authority kickstarts process to tax online businesses including those on Facebook

Deputy Commissioner at the Large Taxpayer Office at the GRA, Edward Gyamerah made the revelation at a press briefing.

According to him, although some analysts have cast doubt about the GRA’s ability to monitor and tax online businesses due to the nature of cyberspace, the GRA is keen to drafting modalities which will enable it to tax online businesses.

“Currently, we have a project team that is looking at how to tax the digital economy. The project team is working on developing modalities. We hope that they will come out with their draft for us to share with stakeholders,” he said.

Millions of commercial transactions take place on the internet every day. Hundreds of businesses operating on the internet have virtually no boundary or monitored to ascertain the volume or value of those transactions.

With the growth of Cyberspace, a lot of businesses operating in Ghana, are veering away from the conventional way of selling in shops to posting their products and services on the internet; a move that makes it difficult for the GRA in its quest to widen the tax net.

Notwithstanding, the Deputy Commissioner said there is the capacity to achieve the aim.

“It’s not peculiar to Ghana. It’s a challenge across the world. And so, what they will need is more support in terms of recruiting IT experts who can assist them in tracking and tracing some of the operators on the digital platforms,” he said.

Our newsletter gives you access to a curated selection of the most important stories daily.

Welcome to the Pulse Community! We will now be sending you a daily newsletter on news, entertainment and more. Also join us across all of our other channels - we love to be connected!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Sadio Mane the odd one out as Bayern Munich stars take team photo with glasses of beer

Sadio Mane the odd one out as Bayern Munich stars take team photo with glasses of beer

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022