Final tax clinic to be held Monday
Article by May 30, 2021
The Barbados Revenue Authority will on Monday conclude its series of tax clinics held at the National Union of Public Workers (NUPW), headquarters on Dalkeith Road.
It also brings to a close the extended filing and payment deadline for 2020 Personal Income Tax (PIT) returns.
The clinics form part of the authority’s ongoing efforts to assist taxpayers through education and outreach.
The authority is therefore urging all taxpayers who need assistance with password resets as well as navigation in TAMIS, to take advantage of the offsite service.
The clinic will be in operation at this location from 9 a.m. until 5 p.m. Persons attending the clinic should walk with their identification card and their TAMIS information including the Taxpayer Identification Number (TIN) and the registration email address.
Under “safe harbor” provided by Revenue Procedure 2021-20, those who filed 2020 tax returns and did not deduct PPP-related expenses can do so in an amended return or on next year s tax return.
By James Emejo
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) to N250 million from N100 million.
The new framework also reviewed downward, the capital requirements for licensing of Payment Solution Services (PSSs) to N100 million from N250 million.
Capital requirement for the Switching and Processing licence remains unchanged at N2 billion, including Mobile Money Operator licence, which was retained at N2 billion.
Others include the capital requirements for the Payment Terminal Service Provider (PTSP) licence, which remains at N100 million.
The Super Agent licence was also maintained at N50 million.
Graphic Online
BY: graphic.com.gh
Category: Business News
Vice President Dr Mahamudu Bawumia (right) presenting the award to Rev. Ammishaddai Owusu-Amoah, Commissioner-General of the Ghana Revenue Authority
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The Commissioner-General of the Ghana Revenue Authority (GRA), Rev. Ammishaddai Owusu-Amoah, has been adjudged the Outstanding Public Leadership at the fifth Ghana CEO’s Summit held recently.
The award was presented to the Commissioner-General by the Vice President, Alhaji Dr Mahamudu Bawumia.
A press statement from the GRA said the award was in recognition of the initiatives introduced at the GRA under the leadership of Rev. Owusu-Amoah.
It said the initiatives had resulted in the achievement of significant milestones, including the revenue targets for two consecutive years.
The Central Bank of Nigeria (CBN) yesterday issued new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) from N100 million to N250 million.
Also, the new framework had a downward review of the capital requirements for licensing of Payment Solution Services (PSSs) from N250 million to N100 million.
Capital requirement for the Switching and Processing licence and Mobile Money Operator licence both remains unchanged at N2 billion.
This disclosure is contained in a document released by the apex bank on Monday, May 24, 2021, which stated that the eligibility for each licence category was tied to any corporate entity registered by the Corporate Affairs Commission (CAC), with Memorandum and Article of Association (MEMART).