{"id":3716,"date":"2022-10-28T18:31:34","date_gmt":"2022-10-28T18:31:34","guid":{"rendered":"https:\/\/wtsnobisfields.com\/?p=3716"},"modified":"2022-10-28T19:35:25","modified_gmt":"2022-10-28T19:35:25","slug":"ghana-extends-the-penalty-and-interest-waiver-regime","status":"publish","type":"post","link":"https:\/\/wtsnobisfields.com\/blog\/2022\/10\/28\/ghana-extends-the-penalty-and-interest-waiver-regime\/","title":{"rendered":"Ghana extends the Penalty and Interest Waiver Regime"},"content":{"rendered":"
The Penalty and Interest Waiver (Amendment) Act 2021, Act 10781 was assented by the President of the Republic of Ghana on 30 December 2021 and came into force on 12 September 2022. In this alert, we highlight the key areas of the amendment act below:<\/p>\n
Penalty and Interest Waiver<\/strong><\/p>\n Conditions for Waiver of Penalty and Interest<\/strong><\/p>\n The waiver would be applicable where:<\/p>\n Application for the Waiver<\/strong><\/p>\n A taxpayer who qualifies for the waiver shall from 1 July 2021 to 31 December 2022 (instead of 1 April 2021 to 30 June 2022) apply:<\/p>\n Remission of tax<\/strong> Reporting<\/strong> Takeaway<\/strong><\/p>\n <\/p>\n\n
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\nThe Act does not derogate from the powers of the Commissioner General to remit tax under an enactment administered by the Commissioner General.<\/p>\n
\nThe Commissioner-General is obliged to submit to the Minister:<\/p>\n\n
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