Audio By Carbonatix
The Domestic Tax Revenue Division of the Ghana Revenue Authority (GRA) has warned businesses issuing fake Value Added Tax (VAT) invoices to consumers to desist from that or face prosecution.
This is part of its aggressive nationwide exercise to ensure compliance in order to rake in more revenue for the State.
Addressing some sections of the media, Head of the Domestic Tax Revenue Division, Edward Gyambrah, said his outfit will punish registered businesses who do not issue the right VAT invoices to customers.
The authority said this is one of the measures taken to achieve its target for the year and as a result, the exercise is not expected to end soon.
“We are cautioning all registered businesses dealing with customers to be transparent and not evade taxes. You are supposed to issue VAT invoices to customers, don’t be asking whether they need receipt or not because that is criminal”, Mr. Gyambrah pointed out.
“We have started with the invigilation and we will continue across the country”, he stressed.
The authority asserts that it will carry out various mystery shopping operations to hold some of the criminals accountable and deter others from indulging in similar actions.
“We will embark on various mystery shopping where we would have some of our officers in some of the shops and businesses to buy goods from them”.
“From October [2022], we are looking forward to start automating some the VAT invoices to fast track processes”, he said.
Mr. Gyambrah maintained that VAT invoices will be automated in October 2022 to monitor activities of registered businesses acquired to issue the invoices.
The authority concluded that it will not relent in its efforts in raking in more revenue for the country.
Latest Stories
-
Minority demands answers on Bawa-Rock Limited monopoly in GoldBod deal
5 minutes -
President Mahama urged to upgrade Tema General Hospital as TOR begins operations
7 minutes -
Three suspects gunned down as police foil robbery on Anwiankwanta–Obuasi Highway
11 minutes -
Volta REGSEC holds emergency meeting after Ho Central Mosque shooting
13 minutes -
Child Online Africa raises alarm over inappropriate media exposure among Ghanaian children
15 minutes -
TOR requires massive capital injection to compete with newer, more advanced refineries – COPEC
19 minutes -
TOR restart could influence pump prices depending on refinery’s crude sourcing- ACEP
28 minutes -
Police arrest 141 suspects in major crackdown on cyber-enabled crime
30 minutes -
Gov’t supports Atwima Manhyia fire victims
50 minutes -
Foreign Affairs minister opens Oti Regional passport application centre
1 hour -
Ho Central Mosque shooting: Volta REGSEC locked in emergency meeting
2 hours -
National Chief Imam condemns shooting at Ho Central Mosque, calls for peace and justice
2 hours -
Minority demands parliamentary probe into BoG-GoldBod $214m loss
2 hours -
The beats, the moves, the memories: Joy FM’s 90’s Jam comes off on Jan. 2
3 hours -
Divaloper hosts third Builders Leadership Summit to nurture bold leaders
3 hours
