Strive to make online businesses tax compliant – Tax expert to GRA

Tax expert Abdallah Ali-Nakyea has urged the Ghana Revenue Authority, GRA to take steps in identifying online businesses and make them tax compliance.

According to him, majority of businesses are online now and the country can make a great fortune in terms of revenue if these businesses are made to pay tax.

GRA has also hinted of plans to make online businesses tax compliance.

Speaking at the forum organised by the Insitute of Chartered Accountant Ghana, Abdallah Ali-Nakyea said the e-commerce sector has expanded and the country needs to take advantage of that for resource mobilisation.

“…is where every business is heading towards, everything is being done online so it wider and bigger than the e-commerce we use to know so it high time the revenue collectors try to look at that sector and you know it’s not only about taxation but they can also assist them in whatever help they need to keep records then they can also comply with the tax laws, it will have a significant impact because if you look at the volume of digital economy that trades today and when you look at what it can translate into in terms of tax revenue for direct and indirect tax then it can boost domestic resource mobilisation and also towards our movement for Ghana Beyond Aid.”