
Audio By Carbonatix
The Ghana Revenue Authority (GRA) is stepping up efforts to close the gap in the implementation of the reformed Value Added Tax, (VAT) which commenced on January 1, 2026.
This follows a revelation that about 60 percent of businesses are yet to comply with the new VAT, which is expected to provide some price relief to consumers. In addition, the situation, according to the GRA is leading to revenue losses.
To help resolve the issue, the GRA has inaugurated a new Compliance and Enforcement Unit under the Domestic Tax Revenue Division to ensure that the VAT is paid accordingly.
The Commissioner General of the GRA, Anthony Kwasi Sarpong disclosed to Joy Business that enforcing the VAT will boost state revenue and help in achieving the revenue target of the authority.
“We have done a lot of assessment in the last few months especially in December and found out that about 60 out of 100 businesses we visited don’t pay VAT. Others take from customers but fail to remit to the GRA and hence there’s a need for action. So the mandate of this team is to improve VAT payment and encourage voluntary compliance with the tax handle”, he said.
VAT has the potential to boost the country’s revenue mobilization if the law is well applied fairly across the country.
The inauguration of the 26 member enforcement and compliance team is part of strategies by the Authority to ensure that the wide gap in VAT collections are closed before the end of the year.
The Commissioner for Domestic Tax Revenue at the GRA, Dr. Martin Yambourigya charged the newly inaugurated Enforcement and Compliance Team of the GRA to act firmly and professionally to ensure tax payers right.
The inauguration of the 26 member enforcement and compliance team is part of strategies by the authority to ensure that the wide gap in VAT collections are closed before the end of the year.
Speaking during the launch of the team, Dr. Yamborigya used the occasion to urge tax payers to engage the GRA on all forms of tax challenges.
Latest Stories
-
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
10 minutes -
Black Stars coach to be announced by next week – Sports Minister
19 minutes -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
27 minutes -
KNUST library dress code sparks online backlash over strict rules
35 minutes -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
36 minutes -
Ghana Card payment activation under review – NIA breaks silence on financial integration
60 minutes -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
1 hour -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
1 hour -
Stuck contraceptives risk HIV surge – Ghana HIV/AIDS Network President warns
1 hour -
Edmond Boateng elected Secretary of Honorary Consular Corps of Ghana
2 hours -
Omanhene Kwabena Asante slams GIADEC CEO over alleged discrimination in mining concessions
2 hours -
Majority of Ghanaian importers lack awareness of cargo insurance – Gyampo
2 hours -
GJA Ashanti applauds Asantehene for securing land for new press centre
2 hours -
CIMAF Ghana donates cement to Afua Kobi SHS
2 hours -
Ghana to benefit from France’s National health platform following Paris talks
2 hours