The Ghana Revenue Authority (GRA) has announced that the implementation of the Value Income Tax (VIT), will be effective from January 1 2024.
The VIT will affect ride-hailing vehicle owners including Bolt, Yango, Shaxi among others.
Section 22 of Regulations 2016, LI 2244, specified that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly,” the GRA said.
It has therefore advised ride-hailing companies operating in Ghana to update their digital platforms to integrate the new tax requirements.
According to the GRA, the guidelines for compliance include obtaining a softcopy of the VIT sticker, validating the sticker’s authenticity with the GRA, and submitting a quarterly list of all vehicles on their platforms to the GRA.
By: Rainbowradioonline.com/Ghana
