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Tag Archives: GRA

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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GRA rejects spare parts dealers’ high tax claims

GRA

The Ghana Revenue Authority (GRA) has rejected claims the charging of benchmark value on spare parts is to blame for the gradual rise in the prices of the goods. The GRA explains that the tax has since 2015 been canceled with the implementation of the single window platform. The comment by the Authority follows threats by the Spare Parts Dealers ...

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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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GRA closes down law firm for owing GH¢1m

Law firm 2

The Ghana Revenue Authority has closed down law firm, Peasah Boadu for owing taxes to the tune of 1,000,787 cedis. The taxes in arrears are Corporate Income Taxes (CIT) and Pay as You Earn (PAYE). The exercise was carried out by the Domestic Tax Revenue unit of the GRA in a bid to clamp down on some large al tax ...

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Accra Mall escapes closure over taxes

cheque

But for the quick intervention of operators of the Accra Mall, the Ghana Revenue Authority (GRA) would have shut down the mall on Wednesday morning over its failure to pay taxes. The Ghana Revenue Authority embarked on a distress order to retrieve about 2 million cedis in tax arrears from the management of the Accra Mall in the morning. The ...

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GRA destroys fake smuggled goods

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The Ghana Revenue Authority (GRA) on Tuesday (November 21, 2017) destroyed expired goods worth over  50,000 dollars. The goods, which were smuggled into Ghana through the Eastern corridor, include cigarettes, alcoholic beverages, pharmaceuticals as well as Indian hemp. The Chief Revenue Officer of the Customs Division of the GRA, Emmanuel Adjei believes the continuous destruction of such goods would reduce ...

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Electronic PoS tax systems kick off in July 2018

Electronic-payment

The Ministry of Finance has set July 2018 as the implementation date for the electronic Point of Sale systems to track tax revenue. At least this is the information available to Citi Business News. Citi Business News also understands that the rolling out of the program is however subject to the completion of the necessary laws to accommodate the plan. ...

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GRA cracks down on tax evasion via PoS devices

GRA

The Ghana Revenue Authority (GRA) would beginning 2018, be able to track all taxes issued at the various Point of Sale (PoS) devices. It follows moves by the Authority to connect its systems with the PoS’s at the various issuing centres to clamp down on tax evaders. The policy was originally scheduled to take off in July 2017. However as ...

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Importers up in arms over unequal tax system

frozen food

The Frozen Food Importers Association of Ghana wants government to grant its members preferential values for duty or taxes charged on imported products at the ports. According to them, government has subsidized taxes on imported products for one company thereby creating unfair competition in the frozen foods industry. The association believes if this is not checked, the industry will be ...

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Customs seize under-declared container from China

Tema customs-600x330

A 40-footer container which was under-declared by an importer has been intercepted by Customs officials at the Nick scan at the Tema Port. The container, which was imported from China, is said to have been mis-described, resulting in the near loss of revenue running into thousands of cedis. According to the Assistant Commissioner of Customs at the Tema Port, Felix ...

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Ghana Business News