Home / Ghana Politics / Ghana Revenue Authority Introduces Vehicle Income Tax for Ride Hailing Owners

Ghana Revenue Authority Introduces Vehicle Income Tax for Ride Hailing Owners

The Ghana Revenue Authority (GRA) has announced a significant change affecting ride hailing vehicle owners, including those associated with services like Uber, Yango, and Bolt. Effective from January 1, 2024, owners of commercial vehicles operating under ride hailing platforms are mandated to pay Vehicle Income Tax (VIT) in accordance with Section 22 of Regulations 2016, LI 2244.

This directive, in alignment with Sections 1, 33, and 35 of the Revenue Administration Act, 2016 (Act 915), grants the Commissioner General the authority to issue written directives, request taxpayer information, and link digital systems to the GRA’s monitoring platform to determine accurate taxes owed to the state.

Ride hailing companies in Ghana are urged to update their digital platforms to necessitate proof of VIT payment for both existing and new vehicles. The GRA has outlined specific guidelines for these entities, including the demand for a softcopy of the VIT sticker, validation of sticker authenticity through the GRA, and quarterly submission of vehicle lists to the GRA.

THIS IS TRENDING:   Biography of Prof. Emeritus Albert Kwadwo Adu Boahen

Owners of ride hailing vehicles operating in Ghana are required to complete a one-time vehicle registration at any GRA office to facilitate VIT payment using the shortcode “*222#.”

 

About Juventus Kantaayel

Check Also

Over 18.7 Million Ghanaians Set to Vote on December 7 – EC

The Electoral Commission (EC) of Ghana has revealed that 18,774,159 registered voters are expected to …