General News of Friday, 30 November 2018
The Registrar-General’s Department has stated that digital address is a prerequisite for the registration of businesses while the Tax Identification Number (TIN) is not.
This is because the TIN will be generated automatically as part of its new business registration process from 2019.
This was contained in a press statement issued on Thursday, 29 November 2018 which was signed by Registrar-General Jemima M. Oware.
The statement clarified that some publications had indicated that the TIN will be replaced by the digital address but that is not so.
“We wish to state that digital address will be required as part of the business registration process in order to enable officers of the Metropolitan Assemblies to locate where the business is to follow up and give Business Operating Licences but it will NOT replace the TIN as indicated in the publication,” the release noted.
Below is the full statement:
The Registrar – General’s Department (RGD) attention has been drawn to a publication in Thursday 29th November 2019 edition of the Daily Graphic of 16 and 20 stating that TIN NO LONGER PREREQUISITE FOR BUSINESS REGISTRATION.
In the publication, the Reporter Timothy Ngnebe also QUOTED the Registrar-General, Mrs Jemima M. Oware as saying that the Digital Address would become the new requirement for the registration of businesses.
We wish to state that Digital address will be required as part of the business registration process in order to enable officers of the Metropolitan Assemblies to locate where the business is to follow up and give Business Operating Licences but it will NOT replace the TIN as indicated in the publication.
The Department, therefore, wants to clarify that Tax Identification Numbers (TINs) will no longer be a prerequisite for business registration because it will be AUTOMATICALLY generated as part of our NEW BUSINESS REGISTRATION PROCESS from 2019.
The Department wishes to assure the business community that the reforms being carried out are aimed at enhancing the Ease of Doing Business performance in Ghana.
Jemima M. Oware