Tag: VAT
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GRA closes down Packplus Ltd for owing GH¢2.6m
The Special Revenue Mobilisation Task force of the Ghana Revenue Authority (GRA) has closed down PackPlus International Limited over tax default between 2013 and 2015. The company has defaulted in paying its taxes between the three year period amounting to GH¢2,642,874.17. The action carried out on Wednesday, is in fulfillment of the provisions of Section 34…
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Hoteliers want 17.5% VAT slashed
Members of the Ghana Hotels Association have cautioned the new government to live by its promise and reduce the current 17.5 % VAT rate to the 3% Flat Rate within the first quarter of the year. They believe the move will enable the hotel industry progress and expand. The Greater Accra Regional Chairman for the…
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Be measured in expectations of new gov’t – Nana Otuo Acheampong
Businesses may have to be moderate in their expectations of the new government in addressing their concerns immediately. This is the suggestion from Banking Consultant, Nana Otuo Acheampong. His advice comes on the back of renewed calls by various business associations on their expectations following the inauguration of President Nana Akufo-Addo. The calls have largely…