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Tax Implications Of Donation Of Two Helicopters To Kwame Nkrumah University Of Science And Technology (KNUST)
October 20,2023 - The attention of Management of the Ghana Revenue Authority (GRA) has been drawn to an online publication on, "GRA halts two helicopter ‘gifts’ to KNUST over taxes”. Management of GRA would like to use this opportunity to react as follows:
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the Authority has NOT ENGAGED or contracted any individual, company or group of persons to carry out any special re-registration exercise on its behalf.
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She is therefore not authorized to transact any business for and on behalf of the Authority. Anyone who transacts any business with her does so at his / her own risk.
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The Commissioner-General is hereby serving notice to all businesses whose financial reporting calendar year ends on 31st December and have not submitted their estimates to do so by the 21st of April, 2023.
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The effective date of implementation of all amendments is January 1, 2023. The general public, particularly VAT Registered persons, Employers, Accountants, Auditors, Importers, Exporters, Clearing Agents and Tax Consultants must take note of these amendments and comply accordingly.
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