- 5 Marks
PT – Nov 2021 – L2 – Q1d – Tax Administration
Explain the advantages of self-assessment for both the government and the taxpayer.
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The erstwhile revenue agencies (VAT, IRS & CEPS) were integrated into the Ghana Revenue Authority (GRA) in 2009. It was envisaged that the integration of the Revenue Agencies would bring certain benefits to taxpayers and tax administration.
Required:
State FIVE (5) of such benefits. (5 marks)
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In recent years, the Ghana Revenue Authority (GRA) has embarked on some tax administrative reforms. One of the key administrative reforms is the merger of the Medium Taxpayer Office (MTO) and Small Taxpayer Office (STO) systems in the management of taxpayers, which has resulted in the introduction of the Taxpayer Services Centres (TSCs) concept whereby taxpayers are migrated to tax offices closer to their business locations, irrespective of their turnovers.
Required:
i) Explain TWO (2) benefits of the new tax administration reform to the taxpayer. (2 marks)
ii) Explain THREE (3) benefits of the new tax administration reform to the GRA. (3 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The erstwhile revenue agencies (VAT, IRS & CEPS) were integrated into the Ghana Revenue Authority (GRA) in 2009. It was envisaged that the integration of the Revenue Agencies would bring certain benefits to taxpayers and tax administration.
Required:
State FIVE (5) of such benefits. (5 marks)
Find Related Questions by Tags, levels, etc.
In recent years, the Ghana Revenue Authority (GRA) has embarked on some tax administrative reforms. One of the key administrative reforms is the merger of the Medium Taxpayer Office (MTO) and Small Taxpayer Office (STO) systems in the management of taxpayers, which has resulted in the introduction of the Taxpayer Services Centres (TSCs) concept whereby taxpayers are migrated to tax offices closer to their business locations, irrespective of their turnovers.
Required:
i) Explain TWO (2) benefits of the new tax administration reform to the taxpayer. (2 marks)
ii) Explain THREE (3) benefits of the new tax administration reform to the GRA. (3 marks)
Find Related Questions by Tags, levels, etc.
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