Tag: GRA
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Government must adopt ‘‘warlike’’ approach to solve economic challenges – Prof Bokpin
Professor Godfred A. Bokpin, a Professor of Finance at the University of Ghana, says the Government ought to adopt a “warlike” approach to solve the country’s economic challenges. He said economic issues such as corruption, low tax revenues, public expenditure and all economic bottlencks must be dealt with intentionally. Prof Bokpin said this at a…
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Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise
Two trading associations in Ghana, the Traders Advocacy Group and the Abossey Okai Spare Parts Dealers Association, are urgently calling on the government to halt the Ghana Revenue Authority’s (GRA) initiative to deploy monitoring task forces for revenue collection. At separate press conferences on Monday, these traders raised concerns about what they describe as constant…
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Decentralizing your operations will boost revenue mobilization – GRA told
The Ghana Revenue Authority (GRA) has been urged to intensify its decentralization efforts to enhance domestic resource mobilization and boost tax compliance in the country. This call comes from the Retired Customs Officers Association. Addressing attendees at the 4th Annual General Meeting of the Retired Customs Officers Association in Accra, Major General Carl Modey Rtd.,…
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GRA summons 11 shop owners over tax irregularities
Eleven shop managers have been summoned by the Domestic Tax Compliance Taskforce of the Ghana Revenue Authority (GRA) for thorough investigations into their business operations. The shop owners have been involved in issuing selective VAT invoices and have failed to adhere to tax compliance regulations, leading to substantial revenue losses for the state. The GRA…
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Excise tax amendment shows positive signs; rakes in GHS 140m
A revenue of GHS 140,245,004.48 has been collected since the implementation of the Excise Duty Amendment Act, 2023 (ACT1093) from May 1 to September 20, this year as compared to GHS 107,998,254.64 last year. Mr. Edward Bagyiri, Chief Revenue Officer, Import and Export Unit, Ghana Revenue Authority (GRA), Customs Division made this known at a…
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GRA fights off claims of harassing traders; calls for cooperation
The Ghana Revenue Authority (GRA) has appealed to the business community to collaborate with its taskforce as the Authority moves to engage leadership of traders to address concerns over the collection of taxes. This comes on the back of a warning by the Ghana Union of Traders Association (GUTA), against the GRA over allegations of…
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No more harassment of our members – GUTA warns GRA
The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has warned the Ghana Revenue Authority (GRA) against using intimidating tactics to implement the Upfront Payment of the Value Added Tax (VAT). Addressing the media in Accra on Wednesday, Dr. Obeng said GUTA members will no longer tolerate the GRA’s “Rambo style”…
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Businesses cited for non-compliance with VAT regulations
The AH Hotel in East Legon has been found to be in violation of the country’s Value Added Tax (VAT) regulations. An inspection by the domestic tax compliance taskforce of the Ghana Revenue Authority (GRA) on Tuesday revealed that the hotel does not issue VAT receipts to its customers. The meeting with the hotel’s management…
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GRA worried over use of false documents in evading customs duties
The Ghana Revenue Authority (GRA) has deplored the increasing use of fake trade documents by some importers for declaring goods at the ports. The Authority explains that trend by these importers is part of efforts to evade customs duties and taxes. This follows an intelligence in February 2023 on some two companies and importers that…
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GRA closes four shops, urges customers to be voluntary tax compliers
The Ghana Revenue Authority (GRA) compliance and enforcement unit has closed down four businesses for failure to issue Value Added Tax (VAT) invoices of the Authority. The GRA expects that all suppliers of taxable items, goods or services to issue VAT invoice as required by law while the customer is required by law to obtain…