Taxation Lectures || Withholding Tax (Part 1) || Taxation in Ghana

[@TaxLawGH]

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[@chirawurahjonas1289]

I WANT TO THANK TAX LAW GH FOR HELPING ME PASS MY EXAMS IN TAXATION,AM SO GRATEFULL,THANK YOU SO MUCH

[@TaxLawGH]

A big big congratulations to you. This is really good news. We’re glad to hear you found our videos really helpful in passing your exams!

[@patrickquansah2135]

Helloo good evening please thank you soo much for the enlightenment in the tax laws of Ghana we are most grateful. Please I would like to know why we calculate the withholding for income on the gross amount exclusive of NHIL AND GETFL but when calculating for WHT VAT u included the NHIL and GETFL before calculating the rate on them . Many thanks sir

[@TaxLawGH]

Hello Patrick. We’re glad to hear you find our videos very helpful. On your question, to avoid sounding too technical here, this is the very simple explanation. Income tax withholding is an “income tax” concept. As such, the withholding must be on the person’s “income”. You’ll agree with us that all those taxes (NHIL, GETFL and now the new 1% COVID-19 HRL) are not part of the person’s income, but rather taxes the person is only collecting on behalf of the GRA. For WHVAT, this is actually a VAT concept. The VAT Act is clear that the base for withholding is the “taxable value” for VAT, which is the value inclusive of all the levies mentioned above (but excluding VAT itself). We hope this clarifies

[@sethyevugah9604]

Please do you have CIT video for final level 1.

[@maxwelldzirasah8999]

Boss, pls can i get a bind document of your lecture note on taxation. thank u

[@TaxLawGH]

Unfortunately, this isn’t available

[@SammybbeePhotos]

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