[ 2016-08-25 ]

Nii Ayi Aryeetey

Ghana must develop reliable tax data – CIT
The Chartered Institute of Taxation (CIT)-Ghana
says it is developing a blueprint to help build a
tax data base for the country.

The data, after its completion is expected to
enhance revenue mobilization while it deepens the
tax net to cover all sectors of the economy.

Speaking at the sidelines of the 6th Annual
International Tax Conference in Accra, the
President of the Chartered Institute of Taxation,
Nii Ayi Aryeetey stated that, the two-day
conference will deliberate on how to use national
identification schemes to build sustainable
taxpayer data system.

“Legislation is a fundamental issue in enhancing
or putting in place tax revenue measures. The
conference will also look at innovative ways of
expanding the tax net as a catalyst for national
development,” she said.

He stated that the conference will look at how to
develop a national identification system to
improve tax collection.

Mr. Aryeetey explained that the conference has
been planned to provide a veritable platform for
focused professional interaction on topical issues
affecting Ghana’s tax regime.

“This year’s conference throws the searchlight
on the challenges in tax legislation that impact
on strategies for revenue mobilization in our
modern era, hence the theme; ‘Strategies for
Revenue Mobilization in Contemporary Times:
Challenges in Tax Legislation,” he said.

He argued that the success of most tax schemes is
fundamentally influenced by the underlining tax
legislation.

“In all cases, the existence of a reliable
taxpayer database greatly compliments the tax
legislation as well as the processes put in place
by the revenue administration to ensure
efficiency,” he said.

Linking a successful tax scheme to national
development, Mr. Aryeetey maintained that the
level of tax certainty determines the level of
growth of businesses in a country.

He stated that there is a direct link between the
efficacy of domestic revenue mobilization and the
level of fiscal support for the country.

Source - citibsinessnews.com

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