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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

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GRA closes down Packplus Ltd for owing GH¢2.6m

bycitibusinessnews
February 15, 2017
in Local Economy, Top Stories
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The Special Revenue Mobilisation Task force of the Ghana Revenue Authority (GRA) has closed down PackPlus International Limited over tax default between 2013 and 2015.

The company has defaulted in paying its taxes between the three year period amounting to GH¢2,642,874.17.

packplus 5

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The action carried out on Wednesday, is in fulfillment of the provisions of Section 34 of the VAT Act 1998 (Act 546), VAT 2013 (Act 870) and Income Tax Act 2015 (Act 896) which states that distress will be levied on all distrainable things of businesses to recover the sum  of money owed.

packplus 6

Speaking to Citi Business News on the matter, the Co-ordinator for the Task Force at the GRA, Henry Sam said the action has become necessary as the company had defaulted despite an initial caution.

packplus 2

He added that the payment plan outlined by the company could not be accepted as the monthly commitment of 5,000 cedis would take up to over 50 years to defray the outstanding tax obligation.

Packplus International Limited which deals in air conditions has up to fourteen days to clear the outstanding taxes or risk an outright sale of its property by the GRA.

packplus 1

“What we have done is reinstating the distress order. They have up to fourteen days to fulfill their tax payment failure upon which the facility will be auctioned to defray the cost,” Henry Sam added.

packplus 4

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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