Dr. Mahamudu Bawumia in presenting the NPP’s manifesto indicated that the New Patriotic Party (NPP) if given the nod to govern the country for another term, will ensure that small businesses will pay their taxes online.
He stated that this new development will make it easier to monitor the payment of taxes by Small and Medium Scale Enterprises (SMEs).
“We want to introduce regulatory flexibility for MSMEs in their compliance because there’s so much hustle under the current dispensation that we see for many MSMEs in complying with taxation. So we want to introduce a simplified tax regime for MSMEs with a very flexible one and make sure they can pay their taxes online. So that tax collectors from GRA cannot come in and harass them for non-payment of taxes. In fact, we would totally discourage payment of tax or levies in cash. You will do it on your mobile phone through mobile money,” he stated.
He further stated that, “We’re going to introduce a single business identifier. Just as you have for individuals with a National ID card, you’ll have that for businesses so that across interaction with government, there’s one number. And that can easily be done because when you register a business, there is one number anyway. A business registration number is given so that doesn’t require new registration. We’ll just make sure that is your unique identifier.”
All these promises are to ensure the effective digitization of the economy.
Send your stories for publication to [email protected] and via WhatsApp on +233 242677304