GIHOC Distilleries, a state-owned enterprise, had to make a last-minute payment to the Ghana Revenue Authority to prevent its office from being shut down due to an outstanding tax obligation to the state.
The Special Revenue Mobilization Taskforce of the tax-collecting agency in its routine checks on companies as part of efforts to increase tax compliance stormed the offices of GIHOC at the North Industrial Area, Accra over a GH¢128 million debt owed accumulated over the last two years.
The company in its bid to prevent the locking up of its offices had to pay more than GH¢1 million out of the total debt owed the Ghana Revenue Authority; promising to make good its outstanding obligations.
According to the Head of Debt Management, Compliance and Enforcement, Michael Sofa, the exercise will continue until all companies honour their tax returns to the government.
Earlier on Thursday, October 24, 2019, GRA closed the office of PASICO Ghana Limited over an outstanding tax payment of more than GH¢4 million.
The exercise forms part of ongoing efforts by the Ghana Revenue Authority to boost domestic revenue mobilization. The GRA has missed its domestic revenue target over the past three years and it is confident that efforts by the task force would lead to improvement of tax compliance.