Tax Refund is reimbursement to taxpayers of any excess amount paid in taxes to the government. Tax Refund is due when your prepaid taxes and tax credits are more than the tax charged for the year. The Ghana Revenue Authority (GRA) can refund the overpayment in cash or give you a tax credit. You can use a tax credit to reduce future taxes.
A taxpayer may within 3 years of the relevant date, apply to the Commissioner – General for a refund of tax paid in excess of the tax liability of that taxpayer. The process for application is as follows:
Note: ‘Relevant date’ above means the later date of
The Commissioner – General shall within 60 days of receipt of an application for a refund, consider it and make an appropriate decision. The decisions made could be:
A written notice of the decision made will be served to the applicant within 30 days.
In the case of option (3) above, the Commissioner – General shall reconsider the application and make a decision by serving notice on the applicant within 60 days of receiving the original application.
And ending on the day the refund is made.