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
-
Microsoft sued by shareholders over expenses, cloud business, AI
10 minutes -
US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI
20 minutes -
Almost all of world’s children exposed to climate hazards, UN agency says
31 minutes -
Trump may release US-Iran agreement before Friday, Vance saysÂ
40 minutes -
Supreme Court to hear Trump appeal involving lengthy detention of certain immigrants
45 minutes -
Who Protects the Dreamer? Reflections on the vulnerability of the Girl Child
48 minutes -
Florida sues TikTok, claiming it violates state child safety law
55 minutes -
US Supreme Court won’t hear bid by suspended judge, 98, to keep her job
1 hour -
World Cup: Uruguay equalise late to deny Saudi Arabia in stifling Miami
1 hour -
Adamus CEO Angela List elected First Vice President of Ghana Chamber of Mines
1 hour -
Eni Ghana, Italian Development Agency sign agreement to explore joint development projects
2 hours -
GCB Bank and VISA expand collaboration to deliver smarter, customer-centric payment solutions
2 hours -
South African jazz legend Abdullah Ibrahim dies at 91
4 hours -
Dan Evans criticises ‘lack of class’ after Queen’s wildcard decision
4 hours -
Stones goes from brink of retirement to World Cup ‘pure joy’
4 hours