Covid-19 fund: supporting companies to enjoy tax exemption

Companies that have supported the Covid-19 Trust Fund will enjoy some tax exceptions for assisting the government to fight the virus.

The chairperson of the Trust Fund Sophia Akufo reveald that the companies will enjoy the reliefs when report to the Ghana Revenue Authority (GRA) to file their tax.

“We’re also happy to announce that the Ghana Revenue Authority has confirmed that tax reliefs will be available to donors who make donations to the COVID-19 National Trust Fund when filing their tax returns. This is subject to fulfilling requirements that the GRA has set out in its recently published guidelines for their implementation of the tax incentives in support of taxpayers against the pandemic,” she said.
At the Jubilee House on Tuesday, May 26, 2020, Sophia Akuffo, said the move by the GRA is aimed at rewarding companies and institutions that responded to calls for a national fight against the COVID-19 outbreak.
The COVID-19 National Trust Fund has received many donations and contributions from companies and individuals to help the government efforts in the fight against the coronavirus.

The Fund, which has so far received over GHS50 million, is to ensure the lives vulnerable who are worst-hit by the pandemic are improved.
In turn, the Fund has also begun donations of distributed toiletries, PPE and other essential medical items to the Ghana Health Service, COVID-19 Care Team and some selected health institutions.

Over 12 vehicles have also been handed over to public hospitals and laboratories involved in the testing and treatment of COVID-19 cases as part of fulfilling its purpose.

Source: Tvnewsgh.com

Leave a Reply