Tag: GRA
-
GRA to rake GH¢400 million from gaming tax
The Ghana Revenue Authority (GRA) is hoping to rake in some GH¢400 million from the new gaming tax. The new tax seeks to charge 10 percent tax on bet and lotto wins. Speaking to Citi Business News, a member of the Gaming Committee at the GRA, Spio Abedu said the taxes will be deducted at…
-
Managers of Regal, Kegali Hotels arrested over Tax non-compliance
The domestic tax revenue unit of the Ghana Revenue Authority (GRA) has apprehended the managers of Regal Hotel in North Kaneshie and Kegali Hotel in Dansoman, Accra. The charges against them stem from their failure to issue Value-Added Tax (VAT) invoices to their customers, a critical requirement under tax regulations. The enforcement effort is a…
-
GRA defends contract with Safaritech Ghana
The Ghana Revenue Authority (GRA) has defended its contract with Safaritech Ghana Limited to carry out forensic audits on telecom companies. The Chairman of the Public Accounts Committee (PAC), James Klutse Avedzi, on July, issued a two-week ultimatum to the management of GRA to provide information regarding their contract with auditing firm Safaritech. This ultimatum…
-
Ashanti Region: GUTA bemoans exorbitant fees charged by GRA
Members of the Ashanti regional branch of the Ghana Union of Traders Association (GUTA) have accused the Ghana Revenue Authority (GRA) of subjecting them to rigorous checks and making them pay exorbitant duties on imported goods. They described such checks as deliberate targeting which they say is hampering their businesses. Speaking at an event organized…
-
GRA seizes tons of carbonated, alcoholic beverages over tax evasion
The Ghana Revenue Authority’s Excise Unit has seized numerous cartons of malt, vodka, Coca-Cola, and various carbonated beverages. The market value of these drinks according to the GRA’s valuation amounts to thousands of Ghana Cedis. The discovery was made in an open market where the products were being sold without the required excise stamp, indicating…
-
GRA impounds container over alleged non-payment of duty
Customs officers in the Ashanti Region have intercepted a container carrying goods after discovering that the owner had failed to pay duty on them. The officials have sent the case to the Customs Division investigative Department of the Ghana Revenue Authority for further investigation. This container was intercepted at Adiembra, a Kumasi suburb, after customs…
-
GRA apprehends shop owners at Achimota for tax infractions
Three shop owners at Achimota, a suburb in Accra, have been apprehended for flouting tax laws of Ghana. The move is a continuation of the GRA’s exercise to have businesses comply with the VAT issuance regime as a civil responsibility. At least 50 business owners have so far been cited for wrongdoing since the commencement…
-
Register for VAT or face additional 12.5% charges – GRA to importers
The Ghana Revenue Authority (GRA) has issued a stern warning to importers who are eligible to register for Value Added Tax (VAT) but have failed to do so. Effective June 6, 2023, these importers will face an additional charge of 12.5% on the customs value of taxable goods they import. This development comes in light…
-
GRA arrests 3 shop owners for not issuing VAT invoices
The Domestic Tax Revenue Compliance Taskforce of the Ghana Revenue Authority (GRA) has apprehended three wholesale shop managers operating in the North Industrial Area for deliberately failing to issue VAT invoices to customers. According to the GRA, these managers, who primarily import food products, have caused significant financial losses to the state by neglecting their…
-
GRA to prosecute 93 companies for various tax offences
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…