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Tag Archives: Excise tax stamp

Tax stamp: Two companies shut down, more to follow

gra tax stamp

More businesses which are affected by the excise tax stamp policy are to shut down their operations in the coming weeks over high cost of operation. The situation is expected to lead to possible shortages and eventual increase in prices, if authorities fail to step in. The warning is the latest from the Food and Beverage Manufacturers’ Association of Ghana. ...

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GRA gives tax stamp defaulters 3 day ultimatum

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The Ghana Revenue Authority (GRA) has given manufacturers and importers of excisable goods a three day ultimatum to fix the tax stamps on their products or have their goods seized. The decision comes on the back of a monitoring exercise on the compliance of the tax stamp policy beginning today, 1st March 2018. The tax stamp has been met with ...

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Government hits businesses with new tax policies (Audio)


Businesses should be ready to comply with the Government with its new tax implementation initiatives for the rest of this year – 2018. This is because some new tax policies are set for implementation beginning next month; March. The two new tax policies to be rolled out are the excise tax stamp and the Harmonised ECOWAS Common External Tariff (CET). Tax ...

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Gov’t fails to yield to pressure over tax stamp


Businesses who fail to comply with the implementation of the Excise Tax Stamp by 1st March, 2017, will have their goods seized and subsequently dealt with by the law. This is the indication from a Deputy Finance Minister, Kweku Kwarteng. He argues that government can no longer hold back the implementation of the Excise Tax Stamp Policy due to setbacks ...

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Beverage manufacturers want tax stamp suspended

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Businesses in the Food and Beverage industry, have renewed appeals for government to suspend the implementation of the excise tax stamp policy. According to them, they have not been properly integrated into the implementation processes hence the need to address their concerns before the implementation of the policy. “Our engagements with government to reconsider its position if it comes to ...

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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

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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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