UGBS-Executive Development (UGBS-ED) organized a three day Tax Workshop, which was necessitated by the repeal of the 15 year old Income Tax Act 2000(Act 572) and its subsequent replacement with Income Tax Act 2015(Act 896) by the Ghana Revenue Authority.
All taxable persons are supposed to apply the requirements of Act 896 on transactions beginning January 1, 2016. Act 896 is meant to have a single income tax law to address the challenge of dealing with diverse tax laws and the various amendments on income taxation in Ghana. The workshop was designed to empower participants to redesign their tax system in compliance with Act 596 and was facilitated by Dr. Mohammed Amidu and Dr. Ibrahim Bedi of the Accounting Department. The workshop attracted participants from various industrial backgrounds and from both private and public sectors.
Dr. Amidu delivering his presentation
During the 3 day training participants were educated on how to enhance tax efficiency in their various sectors. At the end of the workshop the participants were positive on the contribution of the course to their stock of knowledge and commended UGBS for organizing it. UGBS-ED will organize further sessions on 2nd - 4th February and 9th - 11th February. Plans are also advanced to have sessions in Kumasi.
In closing the Workshop the Coordinator for UGBS–ED Dr. Kwasi Amponsah-Tawiah thanked participants for taking part in the workshop and took the opportunity to also let them know the other activities/courses of UGBS-ED that maybe of interest to them.
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