Home Business TIN no longer needed for business registration

TIN no longer needed for business registration

By
admin
-
2637
179

Tax Identification Number (TIN) will no longer be a prerequisite for the upfront registration of a business, beginning from January 2019, the Registrar-General, Mrs Jemimah Oware, has disclosed.

Rather, she said, the provision of a digital address would become the new requirement for the registration of businesses.


“This is because the global positioning system (GPS) will indicate to metropolitan, municipal and district assemblies (MMDAs) where businesses are located so that local government officials can follow up and give businesses operating licences.

“I want to state that beginning next year, only foreigners will require a TIN to register their businesses because our digital platform is being fused with that of the Ghana Revenue Authority (GRA), the Social Security and National Insurance Trust (SSNIT) and metropolitan, municipal and district assemblies (MMDAs),” she said.

In an interview with the Daily Graphic on the sidelines of a high-level dialogue on good corporate governance in Accra yesterday, Mrs Oware said the provision of a digital address would become the new requirement for the registration of businesses.

That, she said was “because the GPS system will indicate the MMDA where the business is located so that local government officials can follow up and give a business operating licence”.


New Companies Act

She also hinted that the current Companies Act, 1963, would be replaced with a new one by the end of the year, a move that was geared towards removing bottlenecks in the old system and making things easier, going forward.

For instance, she said the new regime would set up the Office of the Registrar-General and make it an autonomous body to function properly.

“The bill for the new Companies Act has been approved by Cabinet, as well as the Committee on Constitutional and Legal Affairs of Parliament. We have done the clause-to-clause reading and the bill is now with the Ministry of Justice to be sent back to the floor of Parliament for the second and third readings.

“We are trusting that it will be passed into law by the end of the year,” she said.

Mrs Oware said one of the outstanding features of the new act was the provision made in it for the establishment of the Office of the Registrar of Companies which was to be financially autonomous.

She said that office would be taken out from the Registrar-Generals’ Department and be made an autonomous body with a board drawn from skilled entities such as the Ministry of Justice, the Ghana Bar Association (GBA), academia and the Institute of Chartered Accountants, Ghana (ICAG).

“There are a lot of punitive and enforcement mechanisms in the bill as well, so the Office of the Registrar will ensure that due procedure is followed for the efficient conduct of business,” she said.

She said the new act would, among other things, do away with Commissioners of oath, minimum equity requirement, and requirements for objects of registration.

“The Companies Bill has also done away with the provision of a constitution as a requirement for registering a business and you do not need any object, too, and this will facilitate the registration process.

“The act will also ensure that the Inspectorate Division of the Registrar-General’s Department will be revamped to go out to enforce regulations under the Companies Act,” she said.



Appointment to boards

In a panel discussion at the dialogue session, the President of the Institute of Directors, Ghana, Mr Rockson Kwesi Dogbegah, advocated the passing of legislation that would require persons to be trained and certified before they were appointed to the boards of public and corporate institutions.

He said it was through that means that professional standards and integrity could be brought into corporate governance and also address corrupt practices.

“For political and other parochial interests, people are appointed to boards of public institutions in particular without following due processes or doing background checks on them, leading to square pegs in round holes.

“So there should be legislation that will say that before anyone is appointed, he or she should be trained and certified,” he said.

Goro Boys

The Chief Executive Officer (CEO) of the Private Enterprises Federation (PEF), Nana Osei-Bonsu, bemoaned the negative effects the activities of third parties, popularly called “goro boys”, had on the registration of businesses, saying that the time had come to deal decisively with the situation.

“If the rules of engagement at the Registrar-General’s Department were efficient and service delivery up to speed, the ‘goro boys’ would not be operating and making money from the public,” he said.


He called on people holding positions of trust to see those offices as such and act in ways that would not impede the delivery of services to the public.

Source: Graphic

RELATED ARTICLESMORE FROM AUTHOR

179 COMMENTS

  5. consorcio de carros como funciona itau consorcio chevrolet onix 2019 consorcio de automoveis porto seguro consorcio sicoob veiculos simulacao consorcio de carros fiat consorcio banco do brasil veiculos simulador consorcio de carros seminovos volkswagen consorcio de automoveis porto seguro simulador de consorcio de veiculos santander tabela de consorcio de automoveis porto seguro.

  6. consorcio imobiliario bradesco tabela consorcio imobiliario santander e bom consorcio imobiliario santander reclame aqui consorcio imobiliario bb simulacao consorcio bradesco imoveis simulador simulador consorcio imobiliario caixa economica federal Consorcio imobiliario consorcio imobiliario caixa economica simulador consorcio imobiliario contemplado consorcio imobiliario sicredi consorcio imobiliario caixa economica simulacao consorcio imobiliario bradesco telefone.

  7. consorcio de automoveis pesados carta de credito de caminhao consorcio para maquinas pesadas consorcio maquinas de costura consorcio contemplado caminhao curitiba cartas de credito contempladas bradesco para caminhoes consorcio contemplado de caminhoes a venda consorcio maquinas e equipamentos consorcio contemplado de caminhao a venda consorcio caminhao usado contemplado consorcio de automovel pesados carta de credito caminhao contemplada consorcio caminhoes usados consorcio de caminhoes banco do brasil.

  8. carta de credito de automoveis de luxo carta credito de automoveis de luxo carta credito de automovel de luxo consorcio de veiculo de luxo carta credito de veiculo de luxo cartas credito de carro de luxo consorcio de automovel de luxo cartas credito de carros de luxo consorcio de veiculo de luxo consorcio de automoveis de luxo consorcio de carro de luxo consorcio de veiculos de luxo consorcio de automoveis de luxo consorcios de carro de luxo carta credito de carros de luxo carta de credito de automovel de luxo.

  9. transferencia de consorcio imovel itau consorcio de imovel banco santander consorcio imovel contemplado rs consorcio de imoveis porto seguro reclame aqui consorcio imovel contemplado bh consorcio imovel bradesco reclame aqui consorcio imovel porto seguro consorcio de imovel pela caixa economica federal consorcio banco do brasil imoveis tabela consorcio imobiliario porto seguro e confiavel consorcio bradesco imoveis simulador consorcio porto seguro para imovel e bom.

  10. consorcio imobiliario bradesco tabela simulacao consorcio imobiliario caixa economica federal consorcio imobiliario contemplado caixa consorcio de imoveis caixa como funciona o consorcio de imoveis do banco do brasil consorcio imovel banco do brasil simulador como funciona o consorcio de imoveis da caixa economica consorcio de imovel banco santander consorcio imobiliario contemplado caixa consorcio imovel porto seguro simulacao consorcio imoveis porto seguro consorcio imovel banco bradesco.

  18. I have been surfing online greater than 3 hours nowadays, but I by no means discovered any interesting article like yours. It’s beautiful price sufficient for me. Personally, if all web owners and bloggers made just right content as you did, the net will be much more helpful than ever before.

  79. Формула успеха Как правило, одной бутылочки Карепрост хватает на два-три месяца использования. Это базовый курс лечения. Затем можно купить капли Карепрост от careprost-russia.in для поддерживающего лечения (использование 1-2 раза в неделю). А, значит, расходование препарата будет еще более экономным.   Поискав замену, нашла индийское средство Карепрост. В настоящее время стоимость в районе 800 рублей за 3мл флакон. Но как-то мне не зашло. Глаза краснели, щипало и радости не доставляло. Даже старое и избитое “Красота требует жертв” не впечатляло. Услуги, которые мы предоставляем а облику – неповторимую привлекательность? Карепрост для ресниц поможет вам в этом.Возможно, ваши ресницы находятся не в лучшем состоянии (такое может наблюдаться после перенесенных заболеваний, Активным ингредиентом является Биматопрост (Bimatoprost). В процессе применения Careprost, ресницы становятся длиннее, темнее и гуще. https://cruzeuix875420.blogitright.com/12899466/гелевая-подводка-lasting-drama-24h-maybelline Пользовательское соглашение 0шт. в корзине В 1939 году известная косметическая компания, основанная Эленой Рубинштейн, разработала водостойкую тушь (в основу вошла природная смола) специально для труппы водного балета, а в 1957 году появилась тушь в привычной для нас форме — тюбике. Тушь для ресниц густота и объем, чёрная OPERA QUEEN – тушь с пушистой силиконовой кисточкой придает ресницам визуальную густоту и объем. Кремовая текстура формулы позволяет наносить тушь в несколько слоев, не образовывая комочков и не склеивая ресницы. Современная формула обеспечивает стойкость -…   Удлиняющая тушь с минеральными компонентами. Наличие в составе минеральных ингредиентов, обеспечивае.. Задача туши для ресниц – придать волоскам желанный изгиб и сделать взгляд открытым. Средство придает глазам выразительность. RimmelUltimate Boost Volume Primerбаза под тушь для ресниц 12 мл Корейский бренд Secret Key – известный производитель косметики с улиточной слизью и змеиным ядом

  130. Thanks for the new stuff you have revealed in your post. One thing I would really like to discuss is that FSBO interactions are built with time. By presenting yourself to the owners the first end of the week their FSBO is usually announced, ahead of masses start off calling on Monday, you build a good network. By sending them instruments, educational resources, free reports, and forms, you become a good ally. By using a personal fascination with them as well as their circumstances, you build a solid connection that, oftentimes, pays off when the owners opt with an adviser they know and also trust — preferably you actually.

  131. It’s my belief that mesothelioma is actually the most fatal cancer. It’s got unusual attributes. The more I actually look at it the harder I am convinced it does not work like a true solid cells cancer. When mesothelioma is actually a rogue virus-like infection, hence there is the chance of developing a vaccine plus offering vaccination for asbestos exposed people who are open to high risk of developing upcoming asbestos associated malignancies. Thanks for giving your ideas for this important ailment.

  133. I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Great work!

  134. Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between usability and visual appeal. I must say that you’ve done a very good job with this. Also, the blog loads super quick for me on Opera. Exceptional Blog!

  135. Today, while I was at work, my sister stole my apple ipad and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  136. A few things i have often told people today is that while searching for a good internet electronics retail outlet, there are a few aspects that you have to take into account. First and foremost, you need to make sure to get a reputable plus reliable store that has received great reviews and rankings from other people and industry experts. This will ensure that you are handling a well-known store that provides good assistance and support to their patrons. Thanks for sharing your opinions on this web site.

  141. I have noticed that clever real estate agents all over the place are Advertising and marketing. They are noticing that it’s not just placing a sign in the front place. It’s really concerning building interactions with these sellers who later will become customers. So, whenever you give your time and efforts to aiding these retailers go it alone — the “Law involving Reciprocity” kicks in. Interesting blog post.

  142. I have been exploring for a little for any high quality articles or weblog posts on this sort of space . Exploring in Yahoo I ultimately stumbled upon this site. Reading this info So i?m satisfied to convey that I have a very excellent uncanny feeling I came upon just what I needed. I most no doubt will make sure to don?t disregard this website and give it a look on a continuing basis.

  145. Thanks for discussing your ideas. Something is that college students have an alternative between federal government student loan and also a private student loan where its easier to decide on student loan debt consolidation than in the federal student loan.

  146. In line with my observation, after a in foreclosure home is offered at an auction, it is common for your borrower to still have any remaining balance on the bank loan. There are many loan merchants who attempt to have all rates and liens cleared by the up coming buyer. Nonetheless, depending on a number of programs, restrictions, and state guidelines there may be quite a few loans which aren’t easily fixed through the switch of lending products. Therefore, the duty still lies on the borrower that has received his or her property foreclosed on. Thank you sharing your notions on this blog.

  147. I have noticed that over the course of creating a relationship with real estate entrepreneurs, you’ll be able to come to understand that, in every single real estate exchange, a commission is paid. All things considered, FSBO sellers really don’t “save” the fee. Rather, they try to win the commission by way of doing a strong agent’s work. In this, they expend their money plus time to perform, as best they are able to, the tasks of an representative. Those assignments include displaying the home via marketing, offering the home to buyers, making a sense of buyer desperation in order to induce an offer, arranging home inspections, dealing with qualification investigations with the bank, supervising fixes, and aiding the closing.

  148. I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100 certain. Any recommendations or advice would be greatly appreciated. Kudos

  149. Thanks for your publish. My partner and i have often noticed that most people are desperate to lose weight because they wish to appear slim plus attractive. Nonetheless, they do not continually realize that there are more benefits so that you can losing weight in addition. Doctors insist that overweight people have problems with a variety of health conditions that can be perfectely attributed to the excess weight. The great thing is that people who sadly are overweight and suffering from various diseases are able to reduce the severity of their own illnesses by simply losing weight. It is easy to see a constant but noticeable improvement with health while even a negligible amount of fat reduction is achieved.

  150. Along with almost everything that appears to be building inside this particular subject matter, a significant percentage of viewpoints are generally rather refreshing. Nonetheless, I am sorry, but I do not subscribe to your entire strategy, all be it stimulating none the less. It would seem to everybody that your remarks are not entirely justified and in simple fact you are generally yourself not even thoroughly convinced of the assertion. In any case I did appreciate looking at it.

  151. There are actually loads of details like that to take into consideration. That is a nice point to carry up. I supply the ideas above as common inspiration however clearly there are questions like the one you deliver up the place an important factor can be working in sincere good faith. I don?t know if best practices have emerged around things like that, however I am positive that your job is clearly recognized as a good game. Both girls and boys feel the impact of only a second?s pleasure, for the rest of their lives.

  152. I?ll right away grab your rss feed as I can’t find your email subscription link or e-newsletter service. Do you’ve any? Kindly let me know so that I could subscribe. Thanks.

  154. Good post made here. One thing I would like to say is most professional domains consider the Bachelor Degree like thejust like the entry level requirement for an online education. Whilst Associate College diplomas are a great way to get started, completing your current Bachelors opens many entrance doors to various occupations, there are numerous on-line Bachelor Course Programs available from institutions like The University of Phoenix, Intercontinental University Online and Kaplan. Another issue is that many brick and mortar institutions offer Online versions of their certifications but typically for a significantly higher fee than the corporations that specialize in online qualification programs.

  155. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. Cheers

  156. I don?t even know how I finished up here, but I thought this post used to be good. I don’t understand who you’re but certainly you’re going to a well-known blogger when you are not already 😉 Cheers!

  178. Thanks for the ideas you talk about through this web site. In addition, quite a few young women who seem to become pregnant don’t even seek to get health care insurance because they fear they might not qualify. Although some states at this point require that insurers provide coverage irrespective of the pre-existing conditions. Rates on most of these guaranteed options are usually higher, but when considering the high cost of health care it may be a new safer way to go to protect a person’s financial future.

LEAVE A REPLY

Please enter your comment!
Please enter your name here