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QUESTION TWO Tax administration in Ghana has seen a number of reforms since the 1940s, with the most recent being the integration of the Revenue
QUESTION TWO Tax administration in Ghana has seen a number of reforms since the 1940s, with the most recent being the integration of the Revenue Agencies to an Authority to act as a one stop shop as per the Ghana Revenue Authority Act, 2009 (Act 791). Ghana Revenue Authority is operated under three divisions namely, Domestic Revenue Tax, Custom and Support Service of which each of them play important roles in mobilizing revenue to the Government of Ghana. During each fiscal year, Ghana Revenue Authority generates tax revenue using both Source based-taxation and Resident based-taxation methods. The Revenues below represent Tax generated by Commissioner General of Ghana Revenue Authority for 2019 year of assessment. Use it to answer the questions that follow. GH '000 Export and Import Duties Excise Tax Stamps Corporate Taxes PAYE Communications Service Tax (CST) Other International Trade Taxes Excise duties Valued Added Tax (VAT) Import VAT 38,000 6,000 4,000 16,000 8,000 13000 4,000 8,000 6,000 Property taxes Vehicle Income Tax Stickers (VITS) Petroleum Taxes National Health Insurance Levy Capital Gain Taxes Total Revenue 6,000 4,000 2400 4,000 14,000 133400 Required: a. Discuss the governance structure of the Ghana Revenue Authority. (3 marks) b. Compute the total taxes collected by Domestic Tax Revenue Division. (2.5 marks) c. Calculate the total taxes collected by Custom Division. (1.5 marks) d. Compute the total taxes collected by Support Service Division. (1 marks)
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