GRA to expand tax net with new simplified system targeting informal sector by 2025
The Ghana Revenue Authority (GRA) is set to onboard informal sector workers into the tax net with a modified tax system by 2025. This new regime aims to broaden the country’s tax base and ensure tax compliance across the informal sector. Florence Asante, Head of Communication and Public Affairs at the GRA, highlighted that the new system will simplify tax assessment and reduce compliance costs, particularly for disadvantaged taxpayers. She explained that the Modified Taxation system is designed to make it easier for informal workers, such as hairdressers, tailors, and nail technicians, to register and pay taxes in installments, encouraging...
