- The Registrar-General's Department has extended the deadline for companies to file their annual tax returns
- Per its new directive, companies now have until 31 December 2020 to do so and also hold their annual general meetings
- The department added they would no longer charge for non-compliance with the directive
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YEN.com.gh has learned that the Registrar-General’s Department has given a new date for companies to file their annual returns.
The new date, 31 December 2020, was settled on in order to give companies ample time to hold their annual general meetings (AGMs) following the outbreak of the coronavirus.
The new directive nullifies an earlier one that instructed companies to file returns by 31 July.
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Information available shows that the department will no longer charge for non-compliance with the directive.
Per a report by citibusinessnews.com, the rate was previously increased from GHc400 to GHc450 and was to take effect from 3 August.
The department also indicated that the measures apply to all companies limited by shares, by guarantee, including churches, associations, external companies, and the renewal of partnerships and businesses for the 2019/2020 financial year.
It stated there would be a coupon system for all services offered at its front office that would be available for 200 clients a day, effective Wednesday, 15 July.
In other news, YEN.com.gh has learned that the Bank of Ghana (BoG) has agreed to pre-finance the unpaid salaries of former employees of 347 defunct microfinance and 23 savings & loans firms.
The BoG has also agreed to exit packages for the same groups of people as well as finance houses.
The details of the package were shared by the government-appointed receiver, Eric Nana Nipah.
READ ALSO: Bank of Ghana warns financial institutions against a new type of MoMo fraud
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