TIN will promote tax compliance and identification - GRA

| Updated Apr 09, 2018 at 6:40pm

 

 

The Head of Audit at the Ghana Revenue Authority, GRA, Martin Yamborigya says the introduction of the Tax Identification Number, TIN in 2002 was to promote tax compliance and identify those who fall within the tax bracket.

Speaking on GTV`s Current Affairs Programme, "Talking Point”, Mr. Yamborigya said it is disappointing only one million people have the numbers.

This is why certain compelling measures have been put in place to get more people registering for the TIN.

He was optimistic that the revenue gap will be bridged if the TIN is implemented to the fullest, adding that any one above 18 years can register for the TIN.

The President of the Chartered Institute of Taxation, Nii Ayi Aryeteey said taxation is the main source of revenue for governments to take up development projects.

He urged Ghanaians to be tax compliant since it is backed by law.

A Lecturer in Taxation, Ghana School of Law, Abdallah Ali-Nakyea called for the collaboration of the relevant institutions to ensure success of the TIN implementation.

He said failure on the part of the institutions to network is a major setback for the tax regime in the country.


SOURCE: GBCONLINE



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