Taxing the informal sector and Implementation of the modified taxation system to boost domestic revenue mobilization
Date: 2nd September 2021
Time: 01:00PM - 04:00PM
Object and Mandate of the Institute
The object of the Chartered Institute of Taxation, Ghana (CITG) as provided for in Act 916 is to promote the study of taxation and regulate the practice of taxation in Ghana.
In so doing, the institute is mandated among others to:
- Facilitate the exchange of information and ideas related to the practice of taxation.
- Determine the standard of knowledge and skills to be attained by persons seeking to practice taxation in Ghana.
- Educate and organize continuous professional development courses for both members and the general public.
- Encourage research in taxation and the practice of taxation generally to ensure well-being and advancement of tax professionalism as well as improved tax compliance culture among Ghanaians and any other persons resident in Ghana.
2021 CITG eCPD/Workshop Series Schedule
In line with the above object and mandate, the Chartered Institute of Taxation, Ghana’s CPD/Workshop Series is an initiative to provide a platform for intellectual and professional discussions on contemporary issues on conduct of business operations and related issues and their implications for tax obligations and tax revenue mobilization.
In conduct of business, various tax legislation imposes tax obligations on businesses, their managers and other stakeholders, including individuals. However, the culture of tax compliance is said to be very low in developing countries like Ghana. Hence, low tax revenue mobilization to government; huge tax liabilities and penalties resulting from non-compliance by most taxpayers.
An analysis of most notices of tax liabilities served on taxpayers by Ghana Revenue Authority (especially those based on tax audits) revealed that most of these liabilities are as a result of non-compliance with tax obligations imposed on the conduct of business and related activities and transactions leading to withholding taxes and other indirect taxes. Furthermore, a review of the notices of tax liabilities suggests a lack of adequate knowledge and expertise on most of the issues that largely leads to the observed tax liabilities.
Consequently, public tax education and training have become increasingly important as a tool to resolve this seemingly important problem as it greatly impacts both business performance and government revenue mobilization. Furthermore, as a statutory obligation, business entities and their management’s failure to oblige may lead to penalty and/or imprisonment.
Accordingly, the Chartered Institute of Taxation, Ghana with the mandate to regulate tax practice and education in Ghana, intends to organize the CPD/Workshop Series to critically educate and/or train participants (mainly practitioners and the general public) on the above topics and related contemporary issues and their impact on businesses with the view to improving Ghana’s tax culture and system.
Furthermore, the Institute believes that the CPD/Work Series has the potential of helping our Government to raise the much needed tax revenue for our collective development while helping taxpayers to improve upon their compliance as well as avoid unnecessary tax liabilities that may result from failure to comply. Although authorities are divided on the extent to which tax education and training impact tax revenue mobilization, the CPD/Workshop series seeks to provide some answers to address this issue.
Due to the current COVID-19 pandemic situation, the first CPD/Workshop on September 2, 2021 (and possibly subsequent monthly series) will be virtual (online). However, should the situation improve in the near future, the series will revert to the bricks and mortar mode.
You are warmly invited to register and participate in the CPD/Workshop Series.
For any further enquiries, the Registrar, may be contacted via 0303-934846; 0276355042;
You are warmly invited to register and participate in the CPD/Workshop Series