Impose flat taxes on small-scale miners – ACEP

The Africa Centre for Energy Policy (ACEP) is advocating a flat-rate tax on small-scale miners in the country.

According to the energy think tank, this will invariably lead to accurate production data reporting and ensure effective taxation at the export level.

Ghana is said to be losing about GHS8 billion due to non-tax compliance.

Some industry watchers say this could adversely affect government’s quest of achieving its revenue target for the year.

Speaking in an interview with Class Business’ Pious Kojo Backah, Executive Director of ACEP, Benjamin Boakye said the implementation of the flat-rate tax on small-scale miners will generate enough revenue for government in that sector.

He said: “What we can do is have a flat-rate tax for everybody. Let’s say once you have a concession and you’re producing, your rate is GHS500 every quarter or every month and once that is agreed, you’ll know that once somebody has the licence, he will pay that tax rate.

“And that also allows you to point how much is produced from that sector by tying compliance with the holding onto the licence that you have. So, those are innovations that the GRA can adopt to be able to rake in revenue.”

Source: Ghana/ClassFMonline.com