The Ghana Revenue Authority (GRA) taskforce has arrested four managers of enterprises in Accra for not issuing tax invoices.
The companies are Buildmart Company Ghana in Adabraka, Bedarts Cold Supplies in Lashibi, Yat Ventures in Mamobi and Excellence Boutique at Spintex Road.
The managers were taken to the headquarters of the Customs Office for their statements before being handed over to the Criminal Investigation Department of the Police.
The Area Enforcement Manager of GRA in charge of Accra Central, Mr Joseph Annan said the companies had not complied with Section 41 of the VAT Act which mandated them to issue the tax invoice at all times.
He said the exercise was part of the Authority’s plans to ensure tax compliance and retrieve taxes due the state.
He said the Division had several options at its disposal to aid in revenue mobilisation, including already existing initiatives such as auditing and test purchasing, among others.
Mr Annan 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 offence 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 GH₵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.
Mr Annan 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
-
Akufo-Addo commissions Anwomaso 1 Thermal Power Plant in Kumasi
31 mins -
Change MASLOC into a digital lending platform – Citizens Movement against Corruption
2 hours -
Ghana’s Sports Minister proposes three interventions to combat climate change
4 hours -
Family of K.K Kabobo announces date for observance service
5 hours -
Unemployed Environmental Health graduates protest in Tamale
5 hours -
Dancer Championrolie named brand influencer for Tecno Camon30
6 hours -
Election 2024: National Peace Council cautions the clergy against spiteful comments
6 hours -
One person arrested in connection with robbery attack on UENR students
6 hours -
Basketmouth touts Dave Chappelle ‘comedy god’
6 hours -
It’s a shame ‘galamsey’ issues no longer make headlines – Sir Sam Jonah slams Ghanaian journalists
6 hours -
Stay original; don’t take anybody’s material – Basketmouth to comedians
7 hours -
I ignore a lot of things – Jacinta on how she deals with challenges
7 hours -
Full text: Sam Jonah’s speech at GJA 75th anniversary launch
7 hours -
Allow private sector participation in ECG, GRIDCo to make them viable – Otumfuo to government
8 hours -
Kejetia traders demand individual meters to end persistent power cuts
8 hours