Calls for government to release some of the tax levies imposed on SMEs

tax levies imposed on SMEs
Geoffrey Ocansey - Executive Director of the Africa Center for Revenue Mobilization

By Patricia Lawson

Executive Director, Revenue Mobilisation Africa, Geoffrey Ocansey has reiterated the need for the government to reduce some tax levies imposed on businesses especially Small and Medium Scale Enterprises, SMEs. Speaking to Business News on the sidelines of a National Tax Forum held in Accra, Mr. Ocansey said ”these tax cuts will lessen the burden on businesses”’.

Mr. Ocansey urged the Ghana Revenue Authority, GRA, to streamline the format used in taxing SMEs to make it ”more flexible and comprehensible”.

Former President of the Institute of Financial and Economic Journalists, Lloyd Evans called on the GRA and other stakeholders to find a more efficient way in sensitising the public, especially the informal sector on tax obligations.

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