Audio By Carbonatix
Task Force from the Ghana Revenue Authority Thursday visited some retail shops in Accra to measure the level of compliance with the Tax Stamp Policy on the first day of implementation.
Retailers, Suppliers and businesses have been given a grace period to apply to the Ghana Revenue Authority to get goods affected by the Excise Tax Stamp Policy affixed with the certified stamp.
This was after the government decided to grant businesses some waivers on the full implementation of the policy.
In an exclusive interview with JoyBusiness, Assistant Leader of the Task Force, Kwabena Donkor, said they will give an ultimatum of about three months for the suppliers and retailers to get the goods affixed or face the penalty of withdrawing the products from the market and paying 300 percent of the total tax due or an imprisonment of about 5years.
“Specifically a three month grace period for retailers and shop owners to ensure that all affected products such as tobacco, carbonated drinks, water and among others have the stamps,” he said.
According to him, the sanctions will apply after the Customs Division intercepts any products without the affixed stamp.
The team on the tour also identified that some shop owners were not aware of the policy even though they expressed their willingness to comply.
At the Airport Shell, E.M Commodore Mensah retail manager for Airport Shell Mart appealed to the officials to treat businesses politely for easy compliance.
Managers of the Osu Koala retail centre expressed their willingness to comply with the law.
Some shop owners pleaded with the officials for some time in order to fix the stamps.
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
-
Closure of Kaneshie footbridge forces traders, commuters to risk crossing highway daily
13 minutes -
World Bank mission team pays courtesy call on Gender Minister
28 minutes -
Aggrieved customers threaten fresh protests at Finance Ministry over unpaid locked up funds
40 minutes -
‘Did Mahama lie his way to power?’ – Gold Coast Customers react to compensation delay
49 minutes -
“We don’t have the money to pay” – Finance Minister tells financial sector victims
59 minutes -
ORAL: Prosecution closes its case in Skytrain trial
60 minutes -
Armwrestling – Prisons Boss Baffoe-Bonnie hosts officers to a luncheon
1 hour -
GH¢10bn still unpaid as Mahama misses promise to locked-up fund victims
1 hour -
Socrate Safo Speaks: When Battles come in Winter, a lesson from Prophet Badu Kobi’s predicament
1 hour -
Samuel Jinapor raises concerns over Abronye DC’s continued detention, warns against ‘culture of silence’
2 hours -
GFA, Metro Mass Transit seal partnership to transform football transport and fan experience
2 hours -
Tension mounts in Asante Mampong NPP over alleged voters register irregularities
2 hours -
Economic activity strengthens in quarter one 2026, but business, consumer sentiments soften – BoG
2 hours -
Health Ministry congratulates Mintah Akandoh on election as WHO Committee B Chairman
2 hours -
Licensed mining firm cries foul over illegal occupation of concession at Wasa Dadieso
2 hours