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General News of Thursday, 9 August 2018

Source: 3 News

Government to tax ‘money-making venture’ churches – GRA boss reveals

Government’s move to widen its tax net to rake in more revenue is about to take a rather controversial turn as the Ghana Revenue Authority (GRA) has announced its decision to tax churches which have turned their fellowships into money-making venture.

Commissioner General of the GRA Kofi Nti said Thursday the Authority will soon conduct investigations into activities of all churches in the country with the view to taxing them based on their level of business transactions.

TV3’s Business correspondent Nana Akua Aborampa reports the GRA has offered to pay informants 25 per cent of penalty against the churches that are hiding under fellowship to make money without paying taxes to the state.

“The Authority is conducting an investigation based on its own intelligence but has thrown word out to the public to work as informants who should report such churches who hide under fellowship to make money,” our correspondent reported

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