[ 2021-03-10 ]

All national ID numbers to become tax numbers from April - President Akufo-Addo
President Nana Addo Dankwa Akufo-Addo says
starting April 1, 2021, all national
identification numbers will become Tax
Identification Numbers (TIN).
He said when his government first assumed office
in 2017, it was faced with largely an informal
economy.



He explained that the government decided to
formalise the country's economy by embarking on a
digitisation exercise.

He noted that after four years in office, there
had been progress in all areas in the
formalisation of the country's economy.

President Akufo-Addo, while delivering the 2021
State of the Nation Address (SONA) in Parliament
in the afternoon of Tuesday, March 9, 2021, said
the country's economy has become more formalised
under his watch than any government since the
country's independence.

He explained that through the National
Identification Authority (NIA), more than 15
million Ghanaians had been registered, an exercise
he said will greatly improve the country's
digitisation drive.



The President also noted that the national
identification cards will be turned into tax
identification numbers, beginning April this
year.

President Akufo-Addo said when the national ID
numbers are converted into tax numbers, it will
increase the number of those registered with the
Ghana Revenue Authority (GRA) for tax purposes
from three million to 15.5 million.

He said, for instance, that at the end of 2017,
only 715,000 Ghanaians had tax numbers, saying
"the increase to 15.5 million is simply
phenomenal."


In a related development, President Akufo-Addo
said beginning second quarter of this year, all
national ID numbers will also become SSNIT
numbers.

That, he explained, will increase the number of
people on the Social Security and National
Insurance Trust (SSNIT) database from four million
to 15.5 million, making it easier for new
contributors to be listed on SSNIT's database.

Source - Graphic Online

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