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Three new taxes go into effect today

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Three new taxes go into effect today

Today, Monday, May 1, 2023, the Ghana Revenue Authority (GRA) will apply the new and updated levies included in the 2023 Budget.

Since the legislation was established, firms have had ample time to set their systems for taxes, according to the GRA.

The Excise Amendment Act of 2023, the Income Tax Amendment Act of 2023, and the Growth and Sustainability Levy Act of 2023 are among the new and updated taxes.

The Excise Duty Amendment Act has been amended to include various previously uncaptured products and commodities, which may result in higher costs for processed fruit juice, cigars, mineral water, spirits, wines, and sparkling wine.

According to the Ghana Union of Traders Association, these taxes may not be absorbed and may be passed on to consumers.

The Income Tax Amendment Act would levy a minimum of 5% on businesses that declare losses for the next five years. Individuals earning more than $500 will be taxed, and the more one earns, the more taxes one will have to pay to the state.

Bettors will pay 10% of their gains to the state, while lottery and gaming companies would pay 20% of their total income. Individuals who receive gains from investment assets or liabilities, as well as other non-gift-related earnings, may be required to pay the state 25% of the value.

The Growth and Sustainability Levy Act mandates banks, non-bank financial institutions, telecommunications businesses, and oil corporations to pay the state 5% of their profit before taxes.

Mining companies, oil and gas corporations, and all other businesses will pay the GRA 1.0% of their gross output and 2.5% of their profit before taxes.

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CCTV footage shows final seconds before the train collision

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The sector Minister, John-Peter Amewu, uploaded footage on Facebook showing the train travelling at high speeds before colliding with the truck. The train pulled the abandoned Hyundai vehicle with registration number GS 9018-20 along the rails for a long distance.

A CCTV camera caught the final seconds before the train crash on the Tema-Mpakadan railway on Thursday during a test run.

According to a statement from the Ministry of Railways Development, the accident happened at about 12:10 p.m.

According to the Ministry, the accident occurred when the train approached the bend at Km76+100 and collided with a stalled car obstructing the rail track.

The sector Minister, John-Peter Amewu, uploaded footage on Facebook showing the train travelling at high speeds before colliding with the truck.

The train pulled the abandoned Hyundai vehicle with registration number GS 9018-20 along the rails for a long distance.

https://www.facebook.com/reel/370692529299532

Meanwhile, on Friday, the Juapong Circuit Court sentenced Abel Dzidotor, the truck’s 41-year-old driver, to six months in jail.

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Driver of vehicle involved in train accident imprisoned 6 months

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The second allegation was for unauthorised halting, which violated Section 19 of Act 683 of 2004, as modified by Act 761 of 2008. Dzidotor pled guilty and received a 20-penalty unit punishment, or a five-month prison term if underpaid. The third allegation was for inflicting unauthorised damage, which violated Section 172b of Act 2960. Dzidotor pled guilty and got a six-month term of hard labour. The fourth accusation was for failing to present a driver's licence, which violated LI 21(80) regulation 47(2). Dzidotor pled not guilty, claiming that his licence was in the wrecked vehicle.

Abel Dzidotor, the driver allegedly responsible for the train tragedy, has been sentenced to six months in prison.

According to Citi News’ Benjamin Aklama, Dzidotor pleaded guilty to three of the four allegations against him.

These charges include irresponsible driving and inflicting illegal damage.

The first accusation was for reckless and inconsiderate driving, a breach of Section 3 of the RTA Act 683 (2004), as modified by Act 761 in 2008. Dzidotor pled guilty and got a punishment of 100 penalty units, equivalent to a possible 20-month jail term if not paid.

The second allegation was for unauthorised halting, which violated Section 19 of Act 683 of 2004, as modified by Act 761 of 2008. Dzidotor pled guilty and received a 20-penalty unit punishment, or a five-month prison term if underpaid.

The third allegation was for inflicting unauthorised damage, which violated Section 172b of Act 2960. Dzidotor pled guilty and got a six-month term of hard labour.

The fourth accusation was for failing to present a driver’s licence, which violated LI 21(80) regulation 47(2). Dzidotor pled not guilty, claiming that his licence was in the wrecked vehicle.

He has been ordered to show the licence to the court by May 9, 2024, or face serious repercussions.”

The Ghana Police Service detained the driver of a Hyundai truck with registration number GS 9018 – 20 on Thursday for allegedly causing a collision with a freshly imported train on the Tema-Mpakadan railway line.

A recently acquired train from Poland was involved in an accident during a test run.

According to a statement from the police, their preliminary investigation determined that the suspect driver left the car unattended on the railway line, resulting in a collision with the train.

The truck driver is believed to have gone to transport cement blocks when the truck became trapped on the rail because he was unable to use a pass-through beneath the bridge.

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ECG Board disputes GH¢5.8m PURC fine

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They further maintained that the PURC's order is illegitimate, null, and void because it lacks jurisdiction. The attorneys further claimed that by imposing such a large punishment on their clients, the PURC had improperly assumed the powers of a High Court.

Board members of the Electricity Company of Ghana (ECG) who were charged by the Public Utilities Regulatory Commission (PURC) with failing to provide a consistent load-management schedule have disputed a substantial punishment levied on them.

On Tuesday, April 16, PURC imposed a GH¢5.8 million punishment on ECG board members who served from January 1 to March 18, 2024, for failing to give a load-shedding timeline following a series of power outages between January and March this year.

However, in a letter to PURC Executive Secretary Dr. Ishmael Ackah, attorneys representing the affected board members claimed that their clients are not responsible for the day-to-day management of ECG and hence cannot be held culpable.

“Board members of ECG are not responsible for the day-to-day administration of ECG and, therefore, are not principal officers within the intendment of Act 538 to be able to be held liable for a default on the part of the public utility ECG.”

They further maintained that the PURC’s order is illegitimate, null, and void because it lacks jurisdiction.

The attorneys further claimed that by imposing such a large punishment on their clients, the PURC had improperly assumed the powers of a High Court.

“The Commission’s order imposing regulatory charges on the members of the board is unlawful, null and void as same is without jurisdiction. By this order, the Commission has unlawfully clothed itself with the powers of the High Court, and imposed a sentence on the Board Members, without having been given the opportunity to be heard which amounts to a breach of the rules of natural justice.”

“Our clients, therefore, reject the contents of the regulatory order relative to any personal liability on their part,” the lawyers further argued.

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