Uploaded on Sep 16, 2019
SCG Chartered Accountants is a firm with one central mission –to provide value-driven results with you central to our thinking.We are partnered with Xero cloud accounting software. We’ll work with you on an ongoing basis to discuss the numbers and how acting on them can make a real difference. SCG work is structured around 4 key services which have been set up to keep you involved in discussions that will drive results to benefit your business.A small Business Accounting Software SCG extensive and experienced team means you have access to high quality accounting, payroll and financial support, and more. https://www.scg.com.gh
SCG | Services- Best Chartered Accounting Services
GRA iTaPS
Tax Made Digital
INTERGRATED TAX APPLICATION &
PREPARATION SYSTEM
Objectives
Educate Demonstrate Discuss
on GRA's initiatives to the use of Integrated Tax impact on business
ease tax compliance by Application Preparation
the introduction of Systems (iTAPS).
technology
What is Why
iTaPs? iTaPs?
Educate
iTaPs
Overview
e- of iTaPs
Services (Phase 1)
portal
Commissioner may Prescribe rules for:
establish and operate an • Registration of persons
required to participate in e-
electronic document document system;
system for; • Types of documents to be
• Electronic filing of transmitted through the e-
documents document system;
Legal • Resolution of difficulties; • Electronic service of • Secrecy to be maintained by
Basis- documents users;
• • Accessibility of e- tax sect. 26, Electronic payments by clearance certificates to the
persons
RAA public bodies; e.g. Lands • Issuance of TCC by Commission, GRA (Customs
electronic means Division), Government
agencies etc.
Modules Modules
Personal Income Tax
Returns E-Withholding Tax
What is ExemptionAnnual Tax Return
iTaPS? (Companies, Monthly & Annual Partnership) PAYE(Overtime, Bonus,
integrated Tax PAYE Calculator)
Application and Tax Clearance
Preparation System Certificate (e-TCC) Personal Tax Reliefs
e-services platform
enable taxpayers Withholding Tax Credit
Prepare, Apply and Certificate (e-Tax Decision Support System
Receive Credit) for Self-Assessment
GRA services Estimate
online VAT Withholding Tax
Credit Certificate (e- Business Records
VAT Withholding Tax Manager(Electronic
Credit) Bookkeeping)
CONVENIENT AND SIMPLE
provide a convenient, simple and accurate means to compute
your tax returns and liabilities
RECORD KEEPING
to assist you keep the records required to fulfil your tax
Why obligations
iTaPs? COST AND TIME
reduce cost and time required to comply with tax laws
EASE ACCESS
GRA services @ door step of the taxpayer (ease access of gra
services)
Sign-up PIT
Overview of
iTaPs
Annual Tax
(Phase 1) e- Return
Registration This module will
This module will enable
enable Individuals to
Individuals & prepare their
Companies to Self Assessment
register and Estimate and file
have access to their Final
GRA eServices Annual Tax
platform Return
iTaPS
e-Services
Portal
Impact on business: Role of clients:
• Register on the portal and Minimize risk of late • appoint SCG as their tax
filing and payments consultants
• Able to know Tax • Send data and payment
position always on time
• Keep proper records of Impact & GRA able to detect non-
•
transactions
Role on compliance which may
client trigger audit
business
Education and training of clients
Enrolling of clients on the portal
Role
TIN Registrations
of
Updating clients on developments on iTaPs
SCG
Review of returns or computations
File and make payments for clients online
Questions /Comments /
Suggestions
Comments