Tag: Tax compliance
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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…
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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…
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Most MSMEs unwilling to pay more taxes even for better government services – CDD report
The majority of Medium, Small and Micro Enterprise (MSME) owners in Ghana are unwilling to pay more taxes even if it means benefiting from more improved government services. This is according to the report of a survey conducted by the Ghana Center for Democratic Development (CDD-Ghana). The report titled ‘Access to Justice and Public Services,…
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More tax defaulters to be prosecuted to ensure tax compliance — Finance Minister
Finance Minister, Ken Ofori-Atta has hinted that there will be more prosecutions of tax defaulters in 2020 to improve domestic revenue mobilization. Government has missed its domestic revenue mobilization targets for the past three years and is currently lagging behind its GH¢45 billion target for 2019. This is despite some changes made at the top…
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GRA must be friendly towards tax payers — Tax expert
Dr. Alex Ampaabeng, a tax expert, has said officials of the Ghana Revenue Authority must adopt a more supportive approach to taxpayers to ensure more people to become tax compliant. Dr. Ampaabeng, speaking at the Danquah Institute Economic Forum on Friday, said over the years it is a general approach espoused by staff of GRA…