No TIN for business registration; digital address system needed - Registrar-General

No TIN for business registration; digital address system needed - Registrar-General

- Tax Identification Numbers (TIN) is no longer a prerequisite to register a business

- According to the Registrar-General, Jemimah Oware, the digital addresses are now needed to register businesses

The Registrar-General, Jemimah Oware, has disclosed that beginning from January 2019, the Tax Identification Number (TIN) will no longer be a prerequisite for the upfront registration of a business.

She explained that the digital address system would now become the new requirement for the registration of businesses.

According to her, the Global Positioning System (GPS) will indicate the Metropolitan, Municipal and District Assemblies (MMDAs) where the businesses are located, so that local government officials can follow up and give businesses operating licences.

Registrar General, Mrs Jemimah Oware

Registrar General, Mrs Jemimah Oware Source: Graphic.com.gh

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She added that only foreigners will require a TIN to register their businesses because the digital platform is being fused with that of the Ghana Revenue Authority (GRA), the Social Security and National Insurance Trust (SSNIT) and the MMDA’s.

YEN.com,gh earlier reported that in order to do any business or engage the services of any state institution, the need for a TIN was very important

Statistics show that out of the almost 30 million Ghanaians, only about 1.5 million are registered tax payers.

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And, as at the time the mandatory policy was announced, the number of people who had TINs stood at 1,090,338.

So, the idea of the government is basically to ensure that it widens the tax net and to capture every citizen.

As already known they would also not be able to register for the National Health Insurance Scheme, acquire a passport, register their vehicles and land, open bank account and access other public services.

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Source: Yen.com.gh

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