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The Revenue Agencies (Retention of Part of Revenue) Act, 2002 🇬🇭


Coat of Arms
Republic of Ghana


The six hundred and twenty-eighth

Act

of the parliament of the republic of ghana
entitled

The Revenue Agencies (Retention of Part of Revenue) Act, 2002

  • Published by Government Gazette on 25 June 2002
  • Assented to on 24 June 2002
  • Commenced on 25 June 2002
AN ACT to authorize each revenue agency to retain a percentage of revenue it collects, and for related matters.
BE IT ENACTED by Parliament as follows:

1. Funding of a revenue agency

Each of the following institutions:(a)Internal Revenue Service;(b)Customs, Excise and Preventive Service;(c)Value Added Tax Service;shall for the carrying out of its functions and for the payment of salaries, allowances, operational and administrative expenses, and other expenditure, retain an amount as may be determined by the Minister not exceeding 3 pcent of the total annual revenue it collects.

2. Consequential amendments

(1)The Internal Revenue Service Law, 1986 (PNDCL 143) is amended in section 20 subsection (2) paragraph (b) by the deletion aft…

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