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Uber, Bolt, other ride-hailing vehicle owners to pay Value Income Tax from January 1

Owners of ride-hailing vehicles have received information from the Ghana Revenue Authority (GRA) about the Value Income Tax (VIT), a new tax policy that will go into effect on January 1, 2024.

“Any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly,” according to the GRA’s Section 22 of Regulations 2016, LI 2244.

Uber, Bolt, other ride-hailing vehicle owners to pay Value Income Tax from January 1

The Authority has recommended that ride-hailing businesses operating in Ghana, including Uber, Yango, and Bolt, adapt their digital platforms to incorporate the new tax regulations.

Obtaining a soft copy of the VIT sticker, confirming the sticker’s legitimacy with the GRA, and providing the GRA with a quarterly list of every vehicle on their platforms are among the compliance guidelines.

The GRA has emphasized that these requirements will be enforced on January 1, 2024.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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