Prime News Ghana

Uber, other ride-hailing vehicle owners to pay Value Income Tax effective January 1

By Vincent Ashitey
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The Ghana Revenue Authority (GRA) has issued a notice to ride-hailing vehicle owners that effective January 1, 2024 it will implement a new tax policy called the Value Income Tax (VIT).

This is according to Section 22 of Regulations 2016, LI 2244 which indicates that “any commercial vehicle owner that earns income from the operation of a commercial vehicle shall pay income tax quarterly.”

The Authority, therefore, advised ride-hailing companies operating in Ghana – Uber, Yango and Bolt – to update their digital platforms to incorporate the new tax requirements.

Guidelines for compliance include obtaining a softcopy of the VIT sticker, validating the sticker’s authenticity with the GRA, and submitting a quarterly list of all vehicles on their platforms to the GRA.