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Tag Archives: Excise tax stamp

GRA to prosecute defaulters of excise tax stamp

Emmanuel Kofi Nti - Commissioner General, GRA

The Ghana Revenue Authority (GRA) has served notice it will prosecute all businesses who fail to comply with the implementation of the excise tax stamp policy. The GRA has also warned that defaulters will risk seizure of their goods for non-compliance. The sanctions are however expected to be rolled out in April when the grace period would have elapsed. Starting ...

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Tax stamps won’t impede paperless clearing systems – GRA

tax stamp 2

The Ghana Revenue Authority (GRA) has told Citi Business News that the implementation of the excise tax stamp policy should not impede the paperless clearing system at the ports. This is contrary to some concerns being raised by businesses at the ports that the policy has a potential threat to the efficiency of the paperless clearing process. The excise tax ...

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Gov’t starts tax stamp policy amidst boycott

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Government has stressed that the excise tax stamp policy will not add unto the tax burden of manufacturers and retailers even as it begins to roll out the policy. According to the Ministry of Finance, the policy will encourage tax compliance while protecting the consuming public against harmful and unwholesome products. The excise tax stamp among others requires manufacturers to ...

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Ghana Business News