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Business News of Thursday, 23 November 2017

Source: classfmonline.com

Government to tax church businesses – Godfred Dame

All churches will be taxed soon All churches will be taxed soon

Soon, all “commercial activities” of churches will be taxed, Deputy Attorney-General Godfred Yeboah Dame has said.

At a roundtable organised by the Kingdom Equip Network on Thursday, 23 November, Mr Dame told Accra-based Starr FM’s Mawuena Egbeta: “…The legal regime now provides for the taxation of activities of churches which essentially bother on business.”

“It is only in respect of activities which are charitable that churches are exempted from taxation,” he explained.

In his estimation, “…even the current law in the country…warrants that we tax them [churches] for activities which are commercial or bother on trading or business.”