Further research can also be done on curbing tax evasion in Ghana. Or should either of these measures
He is assisted by five (5) deputy commissioners who head the five(5) main departments: IRS of Ghana is located in Accra and implements policies formulated by RAGB. The management and employees of Internal Revenue Service (Eastern Regional Office) were issued questionnaires. yet another challenge, as are the almost inevitable revisions and corrections. Revenue from tax which is a big source of revenue to the Government has been a major concern to many developing countries such as Ghana in recent times. However, tax evasion which is the wilful and deliberate violation of the law in order to escape payment of tax, posses a big threat to income taxation in Ghana as it reduces tax revenue to the Government, thereby hampering economic growth and development.Â. Once the matter has been decided, and
The major findings in this study include: the challenges facing income taxation in Ghana, the causes of tax evasion in Ghana, and ways to properly address the challenges identified. The researcher used Internal Revenue Service Ghana (Eastern Regional Office), as a case study to find out the challenges associated with income taxation in Ghana, as well as solutions to these challenges. Having struggled with these questions, and decisions having been made, how
If a rich man has difficulty paying tax because
This has been a big problem for long as enough revenue is not being realised to carry out activities that develop the country, and build a strong economy. Most respondents were reluctant in filling questionnaires administered to them due to their busy schedules and nature of their work. Or is this better left to other forms of legislation or social
Based on the findings of this study other possible researchable areas may include studies on the various challenges of other forms of tax such as the Value Added Tax (VAT), Capital gains tax, Import and Export duties tax. There is also a LTU located in the Revenue Towers at Osu. income? The researcher found it difficult to collect responses from the various respondents, and this almost hampered the success of this study. All Rights Reserved. that a regressive system (rates go down as income goes up) would be "fair." Based on previous researches conducted on income taxation in Ghana, it is clear that revenue generated from income tax is at a decrease, as the challenges facing income taxation increases. Due to numerous challenges facing income taxation in Ghana, revenue generated from income tax is low as tax evasion in Ghana is at the increase. Is one type of income "better" than another type of
Tax payment is the demonstration of such a desire, although most income earners see it as a means of exploitation by the government. The desire to build a civilized country with a strong and sound economy is the desire of every patriotic Ghanaian citizen. It later developed into a full research when the researcher developed more interest in the topic, and decided to get more information from tax officials, government agencies, and other secondary documentations. The study lasted from January 2011 to April 2011. It has set up time frames for prompt completion of tasks in order to render more transparent services to the public. this netting process? The study only torches on the challenges tax officials face when collecting tax on income earned, from personal income earners such as the self employed, business men and women, traders, and other forms of sole proprietorship businesses. Is it a big gross income? 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He is subject to the directions of the board on matters policy. This has been a big problem for decades and needs to be properly addressed. Few would argue
Their core functions are monitoring and supervision of district offices. IRS as a revenue agency is very strategic in the achievement of national goals. The challenges of income taxation in Ghana are outlined in-order for drastic measures to be taken to tackle these challenges and meet the prospects of the general public so that revenue from income tax to the government can be increased. The findings and recommendations of the researcher will help in building a strong and better income tax system in Ghana, if taken seriously by government and the general public. All these challenges reduce the amount of revenue generated by the Government. To create a fair and just system of taxation - one which will be honored by the taxpayers and one which will be supported by the largest majority of citizens as possible, is a big challenge. The Internal Revenue Service (IRS) is under a ministry of Finance and Economical Planning of the Republic of Ghana. revisions and corrections may be made in the future. âTerms of Useâ08169050575 âinfo@nairaproject.com, Making Awesome Presentations: Tips and Tricks for Project Defense, Challenges of Personal Income Taxation in Ghana.