Tag: GRA
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Accra Mall escapes closure over taxes
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…
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GRA destroys fake smuggled goods
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…
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Electronic PoS tax systems kick off in July 2018
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…
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GRA cracks down on tax evasion via PoS devices
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…
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Importers up in arms over unequal tax system
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…
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Customs seize under-declared container from China
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…
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Glo offices opened after settling tax arrears
The Ghana Revenue Authority (GRA) has reopened Glo Ghana’s Industrial Area office after it was closed down in July 2017 for failing to pay taxes. The office was closed down following the telecom company’s failure to pay taxes since 2016. The Head of the Task Force at the GRA, Henry Bradford Sam confirmed the reopening…
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Gov’t starts tax stamp policy amidst boycott
Government has stressed that the excise tax stamp policy will not add unto the tax burden of manufacturers and retailers even as it begins to roll out the policy. According to the Ministry of Finance, the policy will encourage tax compliance while protecting the consuming public against harmful and unwholesome products. The excise tax stamp…
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GRA educates small taxpayers to improve revenue mobilisation
The Ghana Revenue Authority (GRA) has commenced processes to educate informal sector businesses on data keeping to increase their tax compliance. It follows what the GRA believes is the low tax compliance due to the lack of information. The exercise is being conducted by the Debt Management, Compliance and Enforcement Team of the GRA. The…
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GRA intensifies tax compliance with e-payment
Small tax payers will henceforth be relieved of the stress and constraint hampering their effective compliance with tax. It comes at the back of the launch of an electronic payment zone (E-Zone) at the Ghana Union of Traders Association (GUTA) office in Accra by the Ghana Revenue Authority (GRA). The move is also with support…