The Ghana Revenue Authority, GRA, has announced that it will offer tax reliefs to companies that have donated to the National COVID-19 Trust Fund.
This was disclosed by the Chairperson of the COVID-19 Trust Fund, Madam Sophia Akuffo.
Speaking at an event at the Jubilee House on Tuesday, 26th May, 2020, Sophia Akuffo said the move by the GRA is aimed at rewarding companies and institutions that supported the national fight against COVID-19 by donating in cash and kind.
The reliefs would be extended to those who also are also yet to donate towards the Fund.
“We’re also happy to announce that the Ghana Revenue Authority has confirmed that tax reliefs will be available to donors who make donations to the COVID-19 National Trust Fund when filing their tax returns. This is subject to fulfilling requirements that the GRA has set out in its recently published guidelines for their implementation of the tax incentives in support of taxpayers against the pandemic,” she said.
Following the impact caused by the novel coronavirus in the country, President Akufo-Addo created the COVID-19 Fund with his three-months salary as seed money, to support the Wellbeing of those who will be worst-hit by the pandemic.
Currently, the Fund received over GHS 50 million from businesses and individuals to complement the efforts of government in the fight against the novel coronavirus.