Ride-hailing vehicle owners to pay Value Income Tax from January 1 

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The Ghana Revenue Authority (GRA), has notified ride-hailing vehicle owners of a new tax policy, known as the Value Income Tax (VIT) which will take effect from January 1.

In a notice issued by the Authority, it said the levy is in accordance with Section 22 of Regulations 2016, LI 2244 which indicates that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly.”

The Authority, therefore, urged ride-hailing companies operating in Ghana – SHAXI, Uber, Yango and Bolt – to update their digital platforms to incorporate the new tax requirements.

The guidelines outlined for these companies include the demand for a softcopy of the VIT sticker, validation of sticker authenticity with the GRA, and quarterly submission of the list of all vehicles on their platform to the GRA.

The GRA emphasised that these requirements will be enforced starting January 1, 2024.

GRA also asked ride-hailing vehicle owners to register their vehicles at any of the GRA offices to “enable them to make payment for VIT using the shortcode *222#.”

Source: Myjoyonline.com

Via Kobbyjosvan.com

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