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http://localhost:8080/xmlui/handle/123456789/3091| Title: | EXPLORATORY STUDY OF TAX RELIEF |
| Authors: | SARPONG NOMAFO, SAMUEL KWADWO APPIAH, SAMUEL TAKYI, FRANCIS OSEI, GLORIA |
| Keywords: | EXPLORATORY TAX RELIEF |
| Issue Date: | 28-Nov-2012 |
| Abstract: | Every government urges its citizenry to pay tax. In order to encourage them to pay their taxes promptly, tax relief is introduced so that they will declare their incomes for assessment and consequently enjoy the tax relief to ease them of their tax burdens. The main objective of this study is to explore the awareness of tax relief. The study came out that a greater number of Ghanaian workers are aware of the existence of tax relief yet only a handful of them have applied for it. The study was conducted using primary data. The main tools used were questionnaires and face-face interview. A number of questions were sent to workers in the banking, teaching and forestry industries. Out of the ninety-one (91) people, sixty-five (65) of them are aware of the existence of the relief whilst twenty-six (26) said they are not aware of it. Again we also found out that out of the ninety-one (91) people, only eleven (11) said they have applied for it. The remaining eighty (80) people said they have not applied for it. This clearly shows that people are aware of the existence of tax relief but they deliberately don’t want to apply for it. The reasons given were that the amount involved is nothing to write home about. Others were of the opinion that the process involved is too cumbersome. |
| Description: | Governments all over the world have used taxation as a major tool to raise revenues to fund its objectives. For instance, leaders in centuries past have raised revenues through the imposition of taxes to fund war expenditures. In modern times, revenues from taxes are used to provide social infrastructure/ amenities such as roads, schools, hospital and public services for the benefit of the citizenry, attraction of foreign investment through tax holidays, discouragement of the use and production of certain harmful products such as cigarette, hard drugs, alcoholic beverages etc. to humans and the environment by imposing high rate of taxes. Encouraging individual workers to pay tax by introducing tax relief. The Domestic Tax Revenue Division (DTRD) is forced to work with each taxpayer to find a resolution to the taxpayer’s past-due tax liability, based on that taxpayer’s unique and specific financial situation. Therefore, in order to facilitate effective tax collection, the DTRD offers several tax relief programs to taxpayers with past-due income tax liabilities. The purpose of these various tax relief programs is to offer different ways for taxpayers to resolve their tax liabilities based on their unique financial situation. |
| URI: | http://localhost:8080/xmlui/handle/123456789/3091 |
| Appears in Collections: | Business Administration -ST |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| EXPLORATORY.pdf | INTRODUCTION | 2.07 MB | Adobe PDF | View/Open |
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