- 20 Marks
POT – Mar 2025 – L2 – Q5 – Withholding Tax
State five payments exempt from withholding taxes in Ghana.
Question
a) The Managing Director of Kantorse LTD is worried about the amount of withholding tax deductions the company suffers when the company receives payment for the supply of goods to some customers. He has heard that some payments could be exempted from withholding taxes.
Required: State FIVE payments that are exempt from withholding taxes.
b) State FIVE responsibilities of a VAT Withholding Agent.
c) The Ghana Revenue Authority (GRA) has implemented an online tax filing system that allows taxpayers to submit their tax returns through the GRA portal. This system is part of the broader digitalization effort aimed at enhancing tax compliance and administration in Ghana.
Required: i) Discuss FOUR benefits of using the GRA online tax filing system for both taxpayers and tax administrators.
ii) Identify TWO challenges that taxpayers may face when using the online tax filing system and recommend possible solutions.
Find Related Questions by Tags, levels, etc.
- Tags: Exempt payments, Income Tax Act, Tax Compliance, Withholding Tax
- Level: Level 2
- Topic: Digital Taxation, Tax Administration
- Series: MAR 2025
