Tag: Tax Compliance
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Ghana to Roll Out VAT Reforms from Jan 2026, GRA Announces
Overview: What changes lie ahead? The Ghana Revenue Authority (GRA) has confirmed that the country will begin implementing the Value Added Tax (VAT) reforms from January 1, 2026. This move follows the passage of the VAT Bill, 2025 and the subsequent presidential assent. The reforms signal a significant shift in how VAT is applied, collected,…
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GRA Sets 2026 Start for New VAT Reforms
Overview: VAT Reforms on the Horizon The Ghana Revenue Authority (GRA) has formalized its plan to roll out significant Value Added Tax (VAT) reforms beginning January 1, 2026. This follows the passage of the VAT Bill, 2025 and its assent by the president, signaling a major update to how VAT is assessed, collected, and reported…
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CITN Calls for Transparency as Nigeria’s 2025 Tax Legislation Faces Scrutiny
Rising scrutiny over Nigeria’s 2025 tax laws The Chartered Institute of Taxation of Nigeria (CITN) has publicly urged greater transparency as concerns mount about the integrity of the country’s recently enacted 2025 tax legislation. In the wake of public debates and media coverage, questions have emerged regarding whether the versions passed by the National Assembly…
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CITN Calls for Transparency as Nigeria Debates 2025 Tax Legislation Integrity
Background: Why CITN is speaking up The Chartered Institute of Taxation of Nigeria (CITN) has raised urgent questions about the integrity and transparency of Nigeria’s recently enacted 2025 tax laws. As debates continue and media reports highlight potential discrepancies between the versions passed by the National Assembly and the copy presented to the President, the…
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Audit Suspension and Beyond: Taxpayers’ Christmas Wish List for Clarity and a Smarter Tax System
Introduction: ASeason of Pause and Possibility This holiday season brings more than gifts and surprises; it marks a rare pause in BIR field audits and ignites a hopeful conversation about a tax system that is clearer, smarter, and fairer for all. The interruption in routine enforcement provides a moment to reflect on what works, what…
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Tax Updates: Will Donated Cattle Trigger Tax for Farmers? What to Know
Understanding the Tax Update on Gifted Cattle Recent tax updates have raised a key question for farmers: if a farmer gives or donates cattle, could they be taxed on the value of the cattle transferred? The answer depends on the tax regime in your country and the exact nature of the transfer. Different jurisdictions treat…
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Tax Updates: Donating Cattle and Tax Implications for Farmers
Introduction: The core question In the latest tax update, authorities clarified how donations of cattle by farmers should be treated for tax purposes. The central question remains: if a farmer donates or gives away cattle, should it be taxed as income or a capital-related transaction? The answer hinges on the tax rules surrounding gifts, business…
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Aggressive pursuit of debts: Property owners strained by surging land tax bills
Rising Land Taxes and the Pressure on Honest Owners The latest audits and enforcement efforts have painted a stark picture: a coordinated push against tax dodgers has uncovered almost $900 million in avoided taxes or illegally claimed exemptions. While much attention has focused on the scams and loopholes uncovered, a parallel story is unfolding about…
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Aggressive pursuit of debts strains property owners as land tax bills surge
Introduction: A crackdown reveals both dodgers and distressed homeowners Public revenue officials recently unveiled a sweeping blitz aimed at tax dodgers, uncovering almost 900 million in avoided taxes or illegally claimed exemptions. While the spotlight falls on compliance gaps and evasive schemes, a parallel story is unfolding for property owners who are shouldering sharply rising…
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Aggressive Debt Pursuit Strains Property Owners as Land Tax Bills Surge
Summary: A crackdown reveals a complex landscape of tax compliance and mounting bills Across states, governments are intensifying efforts to crack down on tax dodging and improper exemptions, unveiling almost $900 million in avoided taxes or illegally claimed exemptions. While the blitz helps close revenue gaps for public services, it also casts a spotlight on…