KPMG calls for phased approach to implement tax reforms in Mid-Year Budget

Analysing the Mid-Year Budget, Tax Partner at KPMG, Justina Amartei-Kwei, advised that the implementation should be phased, supported by clear technical standards and reasonable transition arrangements.

Auditing and Advisory firm, KPMG Ghana, is urging the government to approach the implementation of the new tax reforms announced in the Mid-Year Budget through a phased-out strategy.

The Minister of Finance announced during the mid-year budget review that the government is embarking on a massive reform in the tax administration structure to include electronic devices to track and trace complaints.