To benefit from temporary tax concessions, businesses must follow certain steps, even though failure to apply does not automatically disqualify them. The steps include:

1. Registration for Tax Types:
   • The business must first ensure it is properly registered for the appropriate tax types under the Ghana Revenue Authority (GRA). This includes registration for corporate income tax, VAT, and other relevant tax types depending on the nature of the business.
2. Obtaining a Taxpayer Identification Number (TIN):
   • The business must have a Taxpayer Identification Number (TIN). The TIN is crucial as it is used for all tax-related activities and communications with the GRA.
3. Compliance with Filing and Reporting Requirements:
   • To benefit from temporary concessions, the business must ensure that it files tax returns and complies with all reporting requirements under the Income Tax Act. Regular filing and accurate reporting will ensure that the GRA has the necessary information to grant the business any temporary concessions to which it is entitled.

Although temporary concessions are provided for by law and do not require formal application, businesses must ensure that they are fully compliant with tax registration and reporting obligations to automatically enjoy these benefits.