Revenue Administration (Amendment) Act, 2022 (Act 1086)

ARRANGEMENT OF SECTIONS

1. Section 33A inserted

2. Second Schedule to Act 915 amended

3. Third Schedule to Act 915 amended

PURPOSE

AN ACT to amend the Revenue Administration Act, 2016 (Act 915) to provide for the Commissioner-General to establish a monitoring mechanism to determine or verify the actual revenue collected by a taxpayer, to introduce the requirement for a tax clearance certificate, to provide for returns in respect of the realisation of an asset or a liability and for related matters

DATE OF ASSENT

29th December, 2022.

ACT

1. Sum of money to be issued from the Consolidated Fund for 2023 financial year

Pursuant to paragraph (a) of clause (2) of article 179 of the Constitution, a sum of money not exceeding Two Hundred and Twenty-Seven Billion, Seven Hundred and Twenty-One Million, One Hundred and Eighty-Two Thousand, Nine Hundred and Fifty-Eight Ghana Cedis (GH¢227,721,182,958) shall be issued from the Consolidated Fund and other public funds during the financial year commencing on the 1st day of January, 2023 and ending on the 31st day of December, 2023 and shall be appropriated for the purposes specified in the First Schedule, which translates into the Third and Fourth Schedules representing Ministries, Departments and Agencies and Other Government Obligations with their programmes.

2. Retained Internally Generated Funds

The Ministries, Departments, and Agencies listed in the first column of the Second Schedule may retain and use an amount of Ten Billion, Six Hundred and Twenty-Seven Million, Six Hundred and Fifteen Thousand, Two Hundred and Sixty-Eight Ghana Cedis (GH¢10,627,615,268) indicated in the second column of the Second Schedule being a part of the total amount specified in section 1 during the financial year commencing on the 1st day of January, 2023 and ending on the 3pt day of December, 2023.

3. Payment of money on authorisation of Minister responsible for Finance

The Controller and Accountant-General may, on a warrant issued on the authority of the Minister responsible for Finance, pay out of the Consolidated Fund and other public funds during the financial year ending on the 31st day of December, 2023 any sum not exceeding the sum of Two Hundred and Twenty-Seven Billion, Seven Hundred and Twenty-One Million, One Hundred and Eighty-Two Thousand, Nine Hundred and Fifty-Eight Ghana Cedis (GH¢227,721,182,958) referred to in section 1.

4. Repeal

The Appropriation (No. 2) Act, 2021 (Act 1074) is repealed.

5. Commencement

This Act shall come into force on the 1st day of January, 2023.

SCHEDULES

You can see all schedules to the Act at https://mofep.gov.gh/publications/budget-statements