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- 5 Marks
Question
The erstwhile revenue agencies (VAT, IRS & CEPS) were integrated into the Ghana Revenue Authority (GRA) in 2009. It was envisaged that the integration of the Revenue Agencies would bring certain benefits to taxpayers and tax administration.
Required:
State FIVE (5) of such benefits. (5 marks)
Answer
Five benefits of integrating the revenue agencies into the Ghana Revenue Authority are:
- Reduced administrative and tax compliance cost.
- Better service delivery.
- Improved departmental information flow.
- Holistic approach to domestic tax and customs administration.
- Enhanced revenue mobilisation.
- Topic: Tax Administration
- Series: MAR 2024
- Uploader: Theophilus