GRA to roll out tax regime for e-commerce activities  

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The Ghana Revenue Authority (GRA) has indicated that it would soon roll out plans to tax e-commerce activities in the country.

The move GRA explained is influenced by the tremendous gains e-commerce businesses are accruing in this pandemic period.

According to GRA, they are preparing a concrete framework for the taxation of e-commerce although actual timelines for commencement have not been announced.

This means consumption taxes will apply to e-commerce transactions, in addition to the income taxes already applicable to businesses that provide platforms for e-commerce activities.

COVID-19: Ghana’s banking sector heading into crisis – PricewaterhouseCoopers predicts

Speaking in an interview, the Commissioner-General of the authority, Ammishaddai Owusu Amoah, said while other sectors are being hit hard by COVID-19, others in the communication, electronic payments and the e-commerce sectors are gaining tremendously.

He averred that “if you look at the communication centre, today data is one major thing that we are all consuming. Therefore we expect that those in that sector should see their revenues going up…So all these are areas that we expect that they should be able to and therefore, as things change like that we need to be able to relook areas that we think we can get more revenues from.”

He continued that, “at the moment, we have still not started taxing e-commerce. It is one of the things that are already in our strategic plan that we are working on for this year and therefore we will come out with a plan at the right time.”

SourceABC News

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