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GHANA WEATHER

More to register for TIN

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More taxpayers and potential taxpayers are registering for the tax identification number (TIN) which has become mandatory for accessing some essential state services and carrying out business transactions.

Checks at the Ghana Revenue Authority (GRA) have shown that more than 1.9 million Ghanaians had registered for TIN as of the end of December 2018, following moves by the authority to enforce the Revenue Administration Act, Act 915.

In an exclusive interview, the Head of the Tax Identification Number Office at the GRA, Mr Michael Sefa, said: “Now there is a rush for the TIN. More people are applying for the TIN because everybody wants it.”

As of the end of December 2018, a total of 1,999,643 TINs had been generated, he said.

Data available at the GRA indicate that only 17,765 TINs were generated in 2017, while in 2018 the number of TINs generated was 1,044,465.

In line with enforcing the Revenue Administration Act, Act 915, people without TINs will be denied access to some essential services, such as acquisition of driving licences and passports, the clearance of goods at the ports, land registration, opening bank accounts, among others.

The TIN is a unique 11-digit number required under the Revenue Administration Act, Act 915, which is expected to enable taxpayers to transact business with ease.

It is also expected to address issues of tax evasion by individuals and companies and instances of taxpayers owning more than one tax certificate.

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