{
  "id": 7127373,
  "title": "GRA announces major policy proposal under Modified Taxation Scheme initiative",
  "url": "https://urgent.news/2026/09/13/gra-announces-major-policy-proposal-under-modified-taxation-scheme-7127373",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-13T15:06:26.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/gra-announces-major-policy-proposal-under-modified-taxation-scheme-initiative/"
  },
  "original_language": "en",
  "account": "The Ghana Revenue Authority (GRA) plans to expand the Modified Taxation Scheme (MTS) to include qualifying small limited liability companies with annual revenue of up to GH¢750,000, marking a significant shift in the tax system to better suit small businesses. This reform, announced by the GRA's Technical Advisor and Chairperson of the MTS Committee, Elsie Appau-Klu, aims to offer a simplified tax regime to eligible businesses, regardless of their corporate structure, such as individuals, sole proprietorships, partnerships, or limited liability companies. During a stakeholder workshop in Accra on September 9, Appau-Klu emphasized that the proposed change is necessary to accommodate businesses, particularly young women entrepreneurs, who are increasingly registering their operations as limited liability companies, even with minimal turnover. Current regulations under the Income Tax Act restrict the MTS to individuals and sole proprietors, potentially discouraging formalisation and imposing undue compliance burdens on smaller enterprises. The GRA is collaborating with the Ministry of Finance to introduce the necessary legislative amendments to make the inclusion of small companies explicit, aiming to align the MTS threshold with the goods registration threshold under the Value Added Tax Act (Act 1151) for greater consistency. The Authority envisions a phased approach, starting with stakeholder engagement and administrative guidance, followed by legislative proposals by December 2026. In the longer term, the GRA plans to digitize the MTS using mobile applications, USSD platforms, and other digital tools to streamline registration, filing, and tax payments, potentially incorporating local-language interfaces. Appau-Klu stressed the goal of ensuring small businesses are not penalized for formalizing their operations, advocating for stronger collaboration among business associations, enterprise-support agencies, and the GRA to support small businesses in their growth journey while adapting tax obligations as their operations expand.",
  "summary": "The Ghana Revenue Authority (GRA) is proposing to extend the Modified Taxation Scheme (MTS) to qualifying small limited liability companies with annual turnover of up to GH¢750,000.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "GRA announces major policy proposal under Modified Taxation Scheme initiative",
        "url": "https://urgent.news/2026/09/13/gra-announces-major-policy-proposal-under-modified-taxation-scheme",
        "published": "2026-09-13T15:06:26.000Z"
      },
      {
        "outlet": "Adom Online",
        "title": "GRA moves to extend Modified Taxation Scheme to small companies",
        "url": "https://urgent.news/2026/09/13/gra-moves-to-extend-modified-taxation-scheme-to-small-companies",
        "published": "2026-09-13T16:04:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}