Twenty Percent (20%) Withholding of Taxes on Sitting Allowances across Board in the University of Cape Coast: A Matter of Convenience or Legality?

Abstract

There is the need to raise revenue for national development. Revenue for national
development are often raised from taxes. One of such taxes is withholding tax
which is often applied to income obtained in the formal setting. Example of such
income is sitting allowance. Sitting allowance is the remuneration given to certain
office holders after they have participated in a statutory meeting