Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: empanelment :: TDS :: list of goods taxed at 4%
 
 
« Transfer Pricing »
 Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers
 Duff & Phelps Acquires Leading Transfer Pricing Asia-Pacific Advisory Firm
  Updated UN manual reveals India’s transfer pricing positions
  Transfer pricing: Centre moves forward, introduces ‘secondary adjustments’
 India Issues First Comprehensive Report on Advance Pricing Accords
 Godrej & Boyce Manufacturing Co Ltd vs. DCIT (Supreme Court)
  Domestic transfer pricing leeway provides a loophole for Indian companies
 CBDT signs two unilateral APAs with taxpayers
 India signs record 88 APAs in FY17
 Relief for Indian MNCs likely as government mulls diluting POEM rules
 EY Azerbaijan holds seminar on transfer pricinga

Ghanaian Government Asked To Tighten Up On Transfer Pricing
August, 22nd 2014

Enhancing tax incentives and training of the Ghana Revenue Authority (GRA) are key to the prevention tax evasion and abuse of transfer pricing law, Omane-Antwi, Professor at Ghanaian Pentecost University, told a seminar in Accra last week.

Addressing the seminar on mid-year review of the 2014 budget statement, Omane-Antwi said that there is scope to increase tax revenues and curb tax evasion by ensuring voluntary tax compliance through enhanced tax incentives and reduction in tax rates. Omane-Antwi called on the government to expend its supplementary budget on specific projects that will boost economic growth, and urged the government to prioritize its budget proposals if they were to be accomplished within the budget cycle.

With support from the Organization for Economic Cooperation and Development (OECD), Ghana formulated a transfer pricing policy in 2012 to follow international best practice in assessing the tax and examining the records of domestic entities that operate in conjunction with other domestic and foreign affiliates.

In April 2014, the Government of Ghana presented its economic and financial policies for the medium term, stating that: "Ultimately, by promoting effective auditing in 2014, the process will reduce the abuses and under-declaration of profits and, thereby, resulting in higher revenues from the tax regime. From 2014, GRA will train more staff in the new transfer pricing regime and extend its application to strategic and expanding sectors of the economy."

It was said that: "Current tax policy initiatives emphasize on improving revenue mobilization through tax effectiveness and efficiency. To that effect, the GRA is continuing its tax modernization program to support the establishment of a Tax Policy Unit in the Ministry of Finance. The policy measures being formulated include rationalizing the tax regime, minimizing abuses in the tax exemption regime, and analyzing the impact of the specific tax regimes in sectors such as petroleum and mining."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions