The American Chamber of Commerce, Ghana (AmCham) has commended the government of Ghana for inaugurating the Independent Tax Appeals Board (ITAB), saying, this notable milestone will create a business-friendly environment.
The Chamber also believes the establishment of the board will significantly improve the country’s ease of doing business.
“We believe this is a notable milestone in creating a business-friendly environment and will go a long way to significantly improve the country’s ease of doing business”, it’s Chief Executive Officer, Simon Madjie disclosed.
The Independent Tax Appeals Board established by the Revenue Administration (Amendment) Act, 2020, Act 1029 shall hear and determine appeals against the ‘tax decisions’ of the Commissioner-General of the Ghana Revenue Authority (GRA) concerning objections to tax decisions and assessments.
This Alternative Dispute Resolution (ADR) measure will ensure speedy and cost-effective interventions to tax-related disputes. I will encourage members to consider the ITAB a first point of approach in dealing with tax disputes.
An appeal against the decision of the Commissioner-General must be filed with the Executive Secretary of the Appeals Board within 30 days of the decision.
Mr. Madjie appealed to members of the chamber who seek further clarification and assistance contact reputable tax advisory firms within the AmCham network, namely PwC, KPMG, and Morrison and Associates.
He reiterated AmCham Ghana’s commitment to seeing businesses thrive, and we remain resolute in ensuring an investor-friendly environment to ensure success.
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