Finance ministry reveals GRA recorded over 1 million taxpayers in 2019
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Finance ministry reveals GRA recorded over 1 million taxpayers in 2019

- The Ministry of Finance has revealed that 1,394,842 taxpayers were recorded by the Ghana Revenue Authority in 2019

- It added that the total number of registered taxpayers increased to 3,394,488 as of December 31, 2019

- The details were part of the budget performance report of the finance ministry

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The Ministry of Finance has revealed that the Ghana Revenue Authority (GRA) recorded 1,394,842 taxpayers in the year 2019.

In total, the number of taxpayers who have Tax Identification Numbers (TIN) was 3,394,488 as of December 31, 2019.

The increase reportedly resulted from a plan to improve tax administration and expand the tax base.

READ ALSO: Over GHC50 million was used to print GHC100 and GHC200 notes

Information available to YEN.com.gh shows that the details were part of the budget performance report of the finance ministry.

Per a report by Ghana Web, the report was presented to Parliament on April 8, 2020, by the minister, Ken Ofori-Atta.

The chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah, noted that there were some important technological initiatives taken by the finance ministry to offer enhanced online services to taxpayers.

He added that this included the online Taxpayer TIN registration and the introduction of the Integrated Tax Application and Preparation System App (iTAPS).

These are designed to encourage voluntary filing, payment and deployment of an integrated management system for customs administration

In other news, the Minister of Finance, Ken Ofori-Atta, has revealed that seven million Ghanaians earn GHC7000 or below every year.

He explained that 83.6% of Ghanaians do not have real savings and are therefore likely to be adversely affected by crises.

Ofori-Atta further noted that 59% of Ghanaians fall within the 15 to 34-year-old age group and 39% are found within the 35 to 64-year-old group.

READ ALSO: Finance minister reveals government may present new budget in July 2020

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Source: Yen.com.gh

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