The Ghana Revenue Authority (GRA) is puting in place a Small Taxpayer Scheme to tie in majority of players in the informal sector into the tax net. This was disclosed at a forum in Kumasi to raise public awareness on some modernization policies being implemented by the Authority.
The revenue collection agencies have in times past rolled out a number of products such as products that are targeted at the informal sector including the IRS Tax Stamp, the Vehicle Income Tax and the VAT Flat Rate Scheme.
These products are also aimed at bridging the gap between potential and actual tax payers.
However some participants at the self-assessment seminar for GRA taxpayers in Kumasi expressed concerns at what they described as ?tax holiday? for the informal sector.
According tom Mr. Robert Mensah, an official at the GRA?s Public Affairs Department, believes improved customer relations and service delivery will encourage voluntary filing of taxes.
He noted that the Authority has arrangements, including the small taxpayer scheme, to rope majority of players in the informal sector into the tax net, stressing ?With education, with the electronic system, with the tax identification number system, I think we?ll be able to capture many people in the bracket that at the end of the day, they?ll come and complement what public and private sector persons are paying, courtesy the Pay-As-You-Earn [PAYE] system.?
The seminar afforded the GRA an opportunity to sensitize its taxpayers on the relevance of the integration of the agencies into business and national revenue mobilization.