21st December 2023 7:46:03 AM
1 min readThe Ghana Revenue Authority (GRA) has informed owners of ride-hailing vehicles about the implementation of a new tax policy called the Value Income Tax (VIT), effective January 1. According to the Authority's notice, this levy is in accordance with Section 22 of Regulations 2016, LI 2244. This Section indicates that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly.
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”The Authority has urged ride-hailing companies, such as Uber, Yango, and Bolt, operating in Ghana to promptly update their digital platforms to accommodate the newly introduced Value Income Tax (VIT). The guidelines provided for these companies include the necessity for a softcopy of the VIT sticker, verification of sticker authenticity through the GRA, and the quarterly submission of the complete vehicle list on their platforms to the GRA.
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The GRA has underscored that these requirements will be enforced starting January 1, 2024. Additionally, the GRA has directed ride-hailing vehicle owners to register their vehicles at any GRA office to facilitate the payment of VIT using the shortcode *222#.<img src="
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