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REVENUE AGENCIES (RETENTION OF
PART OF REVENUE) ACT, 2002, (ACT
628)
ARRANGEMENT OF SECTION
Section
1. Funding of a Revenue Agency.
2. Consequential Amendments.
3. Repeals.
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, (ACT
628).
AN ACT to authorize each revenue
agency to retain a percentage of
the revenue it collects, and for
related matters.
DATE OF ASSENT: 24th June, 2002.
BE IT ENACTED by Parliament as
follows:
Section 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 percent
of the total annual revenue it
collects.
Section 2—Consequential
Amendments.
(1) The Internal Revenue Service
Law, 1986 (PNDCL 143) is amended
in section 20 subsection (2)
paragraph (b) by the deletion
after "Service" of the expression
"under section 15 of this Law".
(2) The Customs, Excise and
Preventive Service (Management)
Law, 1993 (PNDCL 330) is amended
in section 21 subsection (5)
paragraph (b), by the deletion
after "Service" of expression
"under section 16 of this Law".
(3) The Value Added Tax Act 1998
(Act 546) is amended in section 51
subsection (5) paragraph (b), by
the deletion after "Service" of
the expression "under section 50
of this Act".
(4) The Internal Revenue Act 2000
(Act 592) as amended is further
amended by the substitution for
subsection (2) of section 113 of
the following:
"(2) The Commissioner shall be
responsible for the administration
of this Act and shall pay into the
Consolidated Fund monies due to
the Service under this Act unless
otherwise provided under any other
enactment."
Section 3—Repeals.
The following are hereby repealed:
(a) sections 14 and 15 of the
Internal Revenue Service Law, 1986
(PNDCL 143);
(b) sections 15 and 16 of the
Customs, Excise and Preventive
Service (Management) Law, 1993 (PNDCL
330); and
(c) section 50 of the Value Added
Tax Act, 1998 (Act 546).
Date of Gazette Notification: 25th
June, 2002.
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