TX – May 2019 – L3 – Q3D – Ethical principles in taxation

Examine the ethical and professional issues that tax consultants must consider when dealing with taxpayers.

Question

d) Section 18 of the Revenue Administration Act 2016 (Act 915) makes provision for the use of Tax Consultant by a taxpayer.

Required:
Examine THREE (3) ethical and professional issues that a tax consultant may consider in dealing with a taxpayer. (3 marks)

Answer

Objectivity: Avoid conflicts of interest; not to allow bias, conflict of interest, or undue influence of others to override professional or business judgments.
Professional Behavior: Tax consultants must demonstrate professional behavior at all times, comply with relevant laws, and avoid any action that discredits the profession.
Technical Competence: Maintain up-to-date knowledge of new tax rules and legislation to ensure that a client or employer receives competent professional service based on current developments in practice, legislation, and techniques.
Integrity: Tax consultants must be honest and should not assist clients in committing an offense. They must be straightforward and honest in all professional and business relationships.
Confidentiality: Client information should not be disclosed to other parties without the client’s permission, including Ghana Revenue Authority, unless required by law (e.g., in cases of suspected money laundering).