On 31 March 2021, Ghana’s 2021 budget statement and economic policy passed by the Parliament and having received presidential assent.
There are measures allowing for waiver of tax penalties and interest on accumulated tax arrears up to 31 December 2020 for taxpayers that make arrangements with the tax authority to pay the outstanding tax principal by 31 December 2021.
To be entitled for the tax penalty and interest relief provisions, the taxpayer must file a written application to the tax authority with tax returns by 30 September 2021.
