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
-
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
3 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
3 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
3 hours -
POS Foundation raises alarm over student cohabitation, sexual harassment on university campuses
4 hours -
Nandom NPP primary heats up as four candidates enter 2028 race
5 hours -
Mangione admits killing healthcare CEO and pleads guilty to federal charges
5 hours -
The Invite to The Odyssey: 12 of the best films of 2026 so far
5 hours -
Ayra Starr on her secret relationship and teasing Stevie Wonder
5 hours -
NPP Ashanti holds vigil in support of Wontumi as lawyers appeal conviction
5 hours -
TCDA targets higher crop yields as farmers receive inputs
5 hours -
Kofi Amoako Attah inducted into 11th Corporate Ghana Hall of Fame
6 hours -
Newsfile to discuss AKSA energy deal, legal vacation and GoldBod losses
6 hours -
Gushegu MCE says slain Yiidana was targeted as police investigate killing of chief and son
6 hours -
President Mahama reiterates commitment to link regional capitals with good roads
6 hours -
Ex-Cambridge professor at centre of plagiarism row found dead
6 hours