Page 6 - ilovepdf_merged (20) edition 66_Neat FLIP BOOK
P. 6
Page 6 Jan-Feb, 2021
SOLE PROPRIETOSHIP &
Is the Path to
REGISTRATION IN GHANA INCOME TAX EXPLAINED - THE BASICS
before the sole proprietorship axes that we are Entrepreneurship
registration. If you do not have
a TIN, you need to obtain it by obliged to pay Worth it Considering
uploading a scanned copy of Tmonthly, quarterly
any of your government-issued and annually often come to most Startups fail?
photo ID such as:
us as a burden, yet it is
· National ID Card
· Passport better to pay appropriately
· Voters' ID card or than to have back taxes,
· Driver's License which will haunt us. Taxes
have been in existence for
To register as a taxpayer you thousands of years and will
should fill the following form
and submit it to Ghana Revenue forever remain as long as we
Authority.
VAT in Ghana Ato Tandoh
Business & Entrepreneurial
If your annual revenue reaches Development Consultant
GHC 200,000, you are required the common ones are value
to register for Value-added tax . To added tax, income tax and a
register for VAT in Ghana, you
would need the following lot more. Many people have
documents: questioned why they need to
· Certificate of Business pay taxes, while others just
Registration for the 12 don't care about what tax
months
gives them in return.
· TIN
· Copies of Business
Registration documents This article will explain to
you what tax services are
Registration can be done at any
Domestic Tax Revenue Office. have a civilization. about and why it is
The standard rate of VAT is important to pay your taxes
12.5%.
Indeed, paying tax is a appropriately and also
burden we all must live with; explain income tax basics:
Disclaimer: Be aware that this
article is not a substitute for however, it is also pertinent
legal advice. Please always to take into consideration Social Welfare Pack
check official websites or seek that taxes and other forms Social welfare and social
legal advice before you take
action. of indemnity imposed by the security are one of the
government play a crucial greatest benefits the less
role toward the progress of privilege, homeless and
Do you need a humanity. Therefore, it will those in need enjoy without
only make sense to follow having to pay back. Taxes
Business Plan?
through with the obligation over the years have been
Call of paying taxes. used to fund social welfare
packages, which are
020 8131656
There are so many different important to humanity,
types of taxes, but some of especially the needy.
Continue on pg 7
