Audio By Carbonatix
A tax expert says government's drive to expand the tax net in order to rake in more revenue would be defeated, if revenue officials take delight in closing down defaulting firms.
Abdallah Ali-Nakyea told Joy FM's Super Morning Show on Wednesday that the revenue agency would ironically lose revenue to shore up their basket because the companies would not be working for the period they were locked out of business.
"If you lock up the place, business does not go on, he doesn't earn the money, you taxes remained unpaid...locking up the place should be the last resort...the idea is to recoup what you are losing by way of tax revenue and not to put them out of business."
Instead of closing down the companies, Mr Ali-Nakyea suggested garnishing the person's account or getting another person who owns the tax debtor to pay over to the revenue agency.
His suggestion comes on the back of the launch of the Round 5 Afrobarometrer by the Ghana Center for Democratic Development (CDD-Ghana). According to the latest survey, a high percentage of Ghanaians (about 84%) are willing to pay their taxes but the compliance level was very low.
Mr Ali-Nakyea said transparency, when it comes to tax, is key, and government can whip public interest if it publishes what the taxes people pay are used for. He was confident once people know that they are being used for their own benefit, the will not be reluctant to pay their taxes.
Mr Ali-Nakyea, who is the Managing Consultant of WTS Nakyea & Adebiyi, a firm of Tax Attorneys & Solicitors in Accra, said government has over the years not been able to manage tax revenue well to the satisfaction of the taxpayers. Using road toll as a case in point, he said road users will not comply with the law if they pay their tax only to drive on unmotorable roads.
He also advised the revenue agencies to set up offices close to business centres and localities of tax payers. Their offices should also be opened to tax payers to come to them with their problems and concerns.
"We need to get the revenue administration very close to the tax payers, it shouldn't be a hide and seek game. Can we be more accommodative for the tax payer to walk to us and tell us I have these challenges with my records; what am I to do?"
He warned against the practice were the collection agency is seen as hounding the tax payer. They should be encouraged to voluntarily pay their taxes instead of adopting the force approach to ensure compliance, he added.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Zambia elevates tourism education to national priority as President Hichilema backs continental summit
27 minutes -
Activa promotes credit insurance to boost SME export growth
28 minutes -
ILTM Africa 2026 opens doors to inbound and outbound luxury travel in Cape TownÂ
32 minutes -
“BP Soul Travel and Tours scored the highest marks” – Sports Minister Kofi Adams endorses agency for World Cup travel
36 minutes -
‘At the age of 12, I was teaching people and collecting money from them’ – Forty Under 40 Awards
2 hours -
I broke my virginity at the age of 26 after university – Richard Abbey Jnr.
3 hours -
Sacked for fees, saved by faith: The untold story of Forty Under 40 Awards founder Richard Abbey Jnr
3 hours -
GCB Bank surges GH¢0.45, ETI gains GH¢0.06 as GSE ends week higher
4 hours -
Two teens jailed 55 years for robbery
4 hours -
UDS demands apology for MPhil student wrongly branded as Tamale robber
5 hours -
“We don’t sell fish!” – Tema Shipyard CEO hits back over dead fish discovery
6 hours -
Sam George defends anti-LGBTQ+ Bill as ‘national priority’ amid debate over gov’t focus
6 hours -
Artemis II astronauts safely back on Earth after trip around moon
6 hours -
Sam George unveils massive 1,150-cell site rollout to end network woes
7 hours -
This Saturday on Prime Insight: Fuel levy suspension, LGBTQ+ legislation, and Damang Mine controversy
7 hours