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    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

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    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

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    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

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    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

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GRA to prosecute 93 companies for various tax offences

byNii Larte Lartey
May 19, 2023
in News, Top Stories
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The Ghana Revenue Authority is actively investigating and prosecuting approximately 93 companies for a range of tax offences.

Joseph Annan, the Accra Area Tax compliance coordinator, has emphasized that defiant non-taxpayers will face legal consequences to ensure compliance with the country’s tax laws.

Annan made this statement during a press briefing following a recent VAT compliance enforcement exercise.

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“We have 93 on our list and there is another one that is being sieved through and once we are done, it will be added to the 93. We are going to go through all the 93 cases, and they are all going to follow the same process. There will be a recommendation for a full audit and there will process for court.”

Mr Annan added that very soon all taxpayers will use the electronic vat invoicing system which will make it difficult for business owners to evade taxes.

“The E-VAT will eventually cover all taxpayers but of course, it is a process. You don’t start a new thing en masse, you need to start gradually before you expand.”

 

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