{"id":241927,"date":"2024-10-30T09:18:32","date_gmt":"2024-10-30T09:18:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/30\/isser-report-calls-for-research-on-flat-rate-tax-for-businesses\/"},"modified":"2024-10-30T09:18:32","modified_gmt":"2024-10-30T09:18:32","slug":"isser-report-calls-for-research-on-flat-rate-tax-for-businesses","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/30\/isser-report-calls-for-research-on-flat-rate-tax-for-businesses\/","title":{"rendered":"ISSER Report calls for research on flat-rate tax for businesses"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">The Institute of Statistical, Social and Economic Research (ISSER) has recommended in its latest State of the Ghanaian Economy Report 2023 and Q3 2024 Review that research is conducted into implementing a flat-rate tax for businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a policy it says could streamline the tax compliance process and improve revenue collection.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This recommendation aligns with a proposal from NPP presidential candidate Dr Mahamudu Bawumia, who has advocated for a flat-rate tax as part of a broader tax reform strategy aimed at making Ghana\u2019s tax system more business-friendly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere is also a need for research on a flat-rate tax for businesses,\u201d ISSER notes, highlighting that a simplified tax structure could ease the administrative burden on businesses, particularly small and medium-sized enterprises (SMEs), while potentially increasing voluntary tax compliance. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This system would address long-standing challenges within Ghana\u2019s complex tax framework, which ISSER believes can hinder compliance and stymie revenue generation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dr Bawumia\u2019s tax reform agenda proposes a flat-rate tax as one of several transformative measures, along with a tax amnesty and the elimination of certain unpopular tax levies such as the e-levy and betting tax. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These changes, he argues, would create a more streamlined tax regime that encourages private sector growth and investment. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">His campaign has emphasized the need to shift away from a multiplicity of tax handles, which he suggests have burdened businesses and everyday Ghanaians alike.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ISSER\u2019s endorsement of further research into a flat-rate tax underscores the institute\u2019s focus on evidence-based solutions to Ghana\u2019s revenue challenges. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By simplifying the tax structure, the flat-rate model could reduce compliance costs for businesses and improve collection rates, which could, in turn, generate more stable and sustainable revenues to support national development.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Institute of Statistical, Social and Economic Research (ISSER) has recommended in its latest State of the Ghanaian Economy Report 2023 and Q3 2024 Review that research is conducted into implementing a flat-rate tax for businesses. This is a policy it says could streamline the tax compliance process and improve revenue collection. This recommendation aligns [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":241702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-241927","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ISSER Report calls for research on flat-rate tax for businesses - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/30\/isser-report-calls-for-research-on-flat-rate-tax-for-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ISSER Report calls for research on flat-rate tax for businesses - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Institute of Statistical, Social and Economic Research (ISSER) has recommended in its latest State of the Ghanaian Economy Report 2023 and Q3 2024 Review that research is conducted into implementing a flat-rate tax for businesses. 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