Audio By Carbonatix
Malik Hassan, a Lebanese Assistant Director of Viva Pal Foods Limited, suppliers of assorted food has been placed in Police Custody and his assets and passport confiscated for refusing to pay his VAT returns and allegedly attempting to abscond with the debt of 365,000 GH Cedis or 3.6 billion cedis.
The VAT Service ordered his arrest on Monday.
Mr Henry Brandford Sam of the Enforcement and Debt Management Unit of the Service told newsmen that the company had refused to honour its VAT obligation in spite of persistent notices.
He said when the Service that had been following the operations of the Company based at Tesano in Accra and Kumasi for sometime informed Viva Pal Foods of their indebtedness, it decided to operate at "obscure" hours.
According to him the Service would be compelled to auction his property if he refused to settle the debt.
Mr Anthony Ewereko Minlah, VAT Commissioner, also told GNA that Hassan's lawyers were arranging bail for him and would be expected to report to the Police twice a day until the company's debt, penalties and the cost of the distress action were paid in full.
He stated that the Service would apply the use of distress action or any other mechanism by the law to ensure that they retrieved all debts.
The Commissioner said the Service was cautious with people who defaulted, adding that, it did not enjoy confiscating the property or embarrassing any company and appealed to the public to pay their VAT returns for the government to generate more revenue for development.
Source: GNA
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
-
CJ dismissal of EC, SP petitions strengthens institutions – Inusah Fuseini
6 minutes -
Inusah Fuseini calls for stronger cocoa production systems
43 minutes -
Burkina Faso attack: Hajia Amenu urges support for local produce; calls for protection of women, children
49 minutes -
Freedom isn’t enough, State must protect citizens — Inusah Fuseini on sex exploitation
56 minutes -
Russian sex video: Diplomacy alone not enough, Ghana must reinforce internal security – Effia MP
2 hours -
GHS condemns attacks on staff, pledges enhanced security measures
2 hours -
Ghana must strengthen cybersecurity amid online exploitation concerns – Gloria Amenu
2 hours -
Demand TikTok remove explicit videos of victims – Gloria Amenu urges gov’t
3 hours -
Gender Ministry must provide psychological care for exploited women – Gloria Amenu
3 hours -
Trump lashes out at Supreme Court justices over tariffs ruling
4 hours -
Refrain from mass marketing or public promotional campaigns on virtual assets – BoG to VASPs
5 hours -
Government bans land transit of cooking oil; orders crackdown on customs complicity
5 hours -
NPA engages industry stakeholders on 24-hour economy pilot in petroleum sector
6 hours -
Ablakwa outlines key bilateral agreements with Burkina Faso to boost trade, security and border cooperation
6 hours -
Ghana, Burkina Faso deepen security ties after terrorists kill 8 Ghanaians in Titao
6 hours
