IMPACT – MEDIUM
What is the change? All companies in Ghana that employ foreign workers must submit their annual returns by Jan. 13.
What does the change mean? Companies should prepare to file their annual returns as soon as possible, or face monetary penalties.
Background: The filing is required no later than Jan. 15 of each year. Companies must complete the prescribed form, providing the names and addresses of all foreign workers who are employed as of Jan. 1.
Companies that fail to file face fines of 1,000 cedis (about US$231), and individuals are liable to pay 200 cedis. If fines are not paid within seven days, they may be subject to criminal prosecution and additional monetary penalties.
BAL Analysis: Employers are reminded not to delay filing their annual returns and to file them no later than Jan. 13. BAL can assist in the process.
This alert has been provided by the BAL Global Practice group and our network provider located in Ghana. For additional information, please contact your BAL attorney.
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