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Penalty and Interest Waiver (Amendment) Act, 2021 – Act 1073: A Fiscal Relief for Taxpayers in Ghana | Your #1 Stop Shop For Authentic Service Providers
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Penalty and Interest Waiver (Amendment) Act, 2021 – Act 1073: A Fiscal Relief for Taxpayers in Ghana

The Penalty and Interest Waiver (Amendment) Act, 2021 (Act 1073) offers legislative clarity and adjustment to the principal Act that grants waivers on penalties and interests accrued on outstanding tax liabilities. It is aimed at


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Greater Accra Region, Ghana
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BookNook is a book hub based in Ghana, created with one goal in mind: to make it easier for book lovers to find and enjoy the titles they crave — without the hassle. For readers across the country, especially those outside Accra, getting access to the right books can be a real challenge. From limited availability of titles to the stress of navigating traffic and moving from one bookshop to another, finding a good read shouldn't be this difficult. That’s where we come in. At BookNook, we offer a convenient and constantly updated platform that connects readers with a wide selection of books — right at their fingertips. Whether you’re looking for the latest bestseller or a hard-to-find classic, we’re always happy to help source the books you want. For authors and publishers, BookNook is more than a retail outlet — we’re a trusted distribution partner. We take in stock in manageable quantities and transfer sales revenue in real time via mobile money or bank transfer (where available). Our efficient restocking process ensures that your books remain available as long as you have copies to supply. No delays, no complicated logistics — just books reaching the right audience. We currently feature titles from respected Ghanaian publishers such as Afram Publications, Literamed Publications/Lantern Books, Smartline Limited, Buck Press, and Type Company, along with works from notable Ghanaian authors.

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Offer Description

The Penalty and Interest Waiver (Amendment) Act, 2021 (Act 1073) offers legislative clarity and adjustment to the principal Act that grants waivers on penalties and interests accrued on outstanding tax liabilities. It is aimed at providing relief to individuals, businesses, and institutions that have struggled to meet tax obligations within stipulated timelines.
This amendment reflects Ghana’s commitment to fiscal inclusion, compliance motivation, and economic recovery, especially in the wake of challenges that affected business cashflows and tax remittance.
Through this legislation, qualified taxpayers who voluntarily disclose their outstanding liabilities and meet payment conditions within a set timeframe may be eligible for a waiver of related penalties and interests.
Key Highlights
• Amends key provisions in the original Penalty and Interest Waiver Act
• Encourages voluntary disclosure of tax liabilities
• Supports GRA efforts to expand the tax net and improve compliance
• Offers temporary financial relief to compliant taxpayers



Product Details


AttributeValue
TitlePenalty and Interest Waiver (Amendment) Act, 2021 (Act 1073)
FormatPaperback
Weight0.350 kg
TagsAct 1073, Ghana Tax Law, Penalty Waiver Act, Tax Relief Ghana, Fiscal Compliance, GRA, Tax Amnesty, Parliament
SKUBK6639