Audio By Carbonatix
The Ghana Revenue Authority (GRA) taskforce has arrested two managers of restaurants and the staff of an electrical cable company in Accra for not issuing VAT tax invoices.
The companies are Waves Lounge and Pub, Chez Amis Pub and Grill, and Grand Pacific Limited, dealers in general electrical cables.
The managers were taken to the Customs Office at the headquarters for their statements before being handed over to the Criminal Investigation Department of the Police.
Mr Edward Appenteng Gyamerah, Commissioner, Domestic Tax Revenue Division, GRA, said the managers had refused to issue certified VAT invoices by the Commissioner-General at the point of purchase of goods at their outlets.
The initiative, he stated, was part of the Authority’s exercise to ensure tax compliance and retrieve taxes due the state.
He said the Division had several options at its disposal to aid in revenue mobilization, including already existing initiatives such as auditing and test purchasing, among others.
Mr Gyamerah said the test purchases conducted on 115 taxpayers that were sampled for a week revealed that a total of 93 taxpayers were not issuing the VAT invoice.
The figure, he stressed translated into a non-compliance rate of 80.9 per cent and said it was an offense for a registered taxpayer to fail to issue a VAT invoice for purchases made.
He said the division would continue with the enforcement exercises with an eye on the implementation of the electronic invoicing system and other tax types.
The government has tasked the GRA with raising a revenue target of GHc 106 billion for the 2023 fiscal year.
Out of this figure, the Domestic Tax Revenue Division is expected to collect 70 per cent of the total revenue.
This year, President Nana Akufo-Addo assented to the three amendments passed by Parliament.
They are the Excise Duty (Amendment), Act 2023 (Act 1093), the Income Tax (Amendment), Act 2023 (Act 1094), and the Growth and Sustainability Levy Act 2023 (Act 1095).
These amendments were to complement efforts to ensure the Authority met its revenue target.
Mr Joseph Annan, Area Enforcement Manager of GRA, in charge of Accra Central, said the Authority would continue to embark on surprise exercises across the country to apprehend culprits evading tax.
He urged the public, especially customers who make taxable purchases, to always request and insist on their VAT invoices.
Latest Stories
-
BoG GHS15.6bn loss: Yesterday’s whistleblowers have become today’s defenders – Oppong Nkrumah
45 minutes -
Saudi Arabia to stop funding LIV Golf next season
1 hour -
Oil price hits highest since 2022 after report Trump to be briefed on new Iran options
2 hours -
Adamus Resources Ltd sets record straigh on illegal mining allegations
2 hours -
Man sentenced to death for murder of toddlers at Ugandan nursery
2 hours -
Meta in row after workers who say they saw smart glasses users having sex lose jobs
2 hours -
Arhinful calls for patience and support for Ayew ahead of World Cup
2 hours -
Zanetor Rawlings elected 2nd Vice President of Pan-African Parliament
3 hours -
GIFEC disburses 350 laptops for One Million Coders Program in Upper West Region
3 hours -
2025 BoG GH¢15.7bn loss was a peak, future results expected to improve – Atta Issah
3 hours -
Photos: How fire destroyed everything in the Akosombo GRIDCo Substation control room
3 hours -
Embrace skills training for successful reintegration – YEA HR Director urges inmates
3 hours -
BoG’s GH₵15bn loss does not affect monetary policy – Majority
3 hours -
Minority accuses Majority of attempting to “shift public perception” ahead of BoG’s GH¢15bn publication
3 hours -
Kick Nation secures Ipswich Town trial for Ghanaian youngster Philip Frimpong
3 hours