In a bid to increase the effectiveness of tax administration and the collection of taxes in Ghana, the Parliament of Ghana has passed into law an amendment called Revenue Administration (Amendment) Act, 2020 (Act 1029) which was gazetted on 6 October 2020. Act 1029 seeks to amend some Sections in the Revenue Administration Act, 2016 (Act 915), which is the principal enactment for the administration and collection of revenue by the Ghana Revenue Authority and for related matters.
The amendment basically makes the underlisted changes to Act 915:
This tax alert intends to provide an overview of the above changes.
Tax Objection Process
Prior to this provision, taxpayers only had the option to appeal against a tax decision made by the C-G at the High Court within 30 days of the decision.
Act 1029 has now introduced an Independent Tax Appeals Board to the Revenue Administration process in Ghana. The Independent Tax Appeals Board will act as an Independent Board setup to hear and determine appeals against tax decisions made by the C-G.
The Board, therefore, provides a platform for taxpayers and the Revenue Authority to resolve tax disputes amicably.
Decisions made by the Appeals Board remains binding on all parties (such as the taxpayer and the GRA) to the case under consideration unless a High Court says otherwise.
The Appeals Board’s membership composition, tenure of office, sources of funding for its operations, proceedings and process for hearing appeals have all been spelt out in the newly introduced Fourth Schedule of the Revenue Administration Act.