Saturday, September 30, 2023
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

‘You cannot ask for leniency when you fail to issue tax invoice, it is criminal’ – GRA

June 7, 2023
Joseph-Annan-648x424

Head of Accra Central Enforcement Unit of GRA, Joseph Annan has reiterated that it is a criminal offence for any registered business to default in issuing tax on the electronic Value Added Tax (VAT) system.

He has also stated that if a defaulting business is arrested, there will be no place for clemency or compromise.

RelatedPosts

We’re working on a policy framework to approve the use of electric buses as public transport – Veep

GRA locks up Cheng Gong Ghana Limited over tax breaches, others cited for other violations

Atlantic Lithium Limited to start operations in 2026, with 2000 jobs to be created and $6.6 billion annual returns

Mr. Annan highlighted to the press on Tuesday, June 6, 2023, during an exercise to crack down on some defaulting enterprises, that some companies have requested that the GRA invite the businesses to iron out the concerns.

However, he said that these businesses have missed the point of what is currently taking place.

He stated that the GRA is enforcing the legislation, and as part of the process, they conduct a test purchase in which they come in unnoticed to see if the firms were voluntarily complying.

He said once the said business fails that test, the next thing is to arrest you for non-compliance.

“It is not about being invited. We are enforcing the law. You have gone against Section 41 of the VAT Act where you are supposed to issue the invoice. So once you failed to do so, you have committed an offence for which are supposed to be arrested and that is what we are doing now. Once you are arrested, you have to go put your statement down with the CID,” he added.

He was addressing the journalists during an exercise to clamp down on businesses evading tax on the electronic Value Added Tax (VAT) system, the Ghana Revenue Authority (GRA) task force has clamped down on four more businesses in Accra.

The managers of the businesses were picked up by the task force leading the operation.

The businesses are Buildmart (Paint and Accessories shop in Adabraka), Bedarts Cold Supplies (Nungua), Excelelnce Boutique (Lashibi) and YAT Ventures (Maamobi).

The companies were not issuing the e-VAT invoice as required by law.

The Managers were taken to the Customs office at the headquarters for statements before being turned over to the Police Criminal Investigation Department.

The initiative is part of a nationwide VAT invigilation effort to ensure tax compliance and recover taxes owed to the state.

By: Rashid Obodai Provencal/Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

FB_IMG_1695882199638

We’re working on a policy framework to approve the use of electric buses as public transport – Veep

September 28, 2023
81e6ddac153d7d88473ce3a3a89032af

GRA locks up Cheng Gong Ghana Limited over tax breaches, others cited for other violations

September 27, 2023
WhatsApp-Image-2023-09-24-at-15.02.08-754x424

Atlantic Lithium Limited to start operations in 2026, with 2000 jobs to be created and $6.6 billion annual returns

September 26, 2023
GRAA

We appeal to the leadership of GUTA and TAGG to cooperate with the various Taskforces enforcing tax laws – GRA

September 22, 2023
ken-ofori-atta-before-censure-committee

The inclusion of Africa in the G-20 group of countries is a positive development – Ofori-Atta

September 22, 2023
Dr-Joseph-Obeng-GUTA-President

Restructure your system to bring fairness, parity, simplicity and stop harassing us – GUTA to GRA

September 21, 2023

Recent News

FB_IMG_1695882199638

Common economy, you could not manage but promising us commercial use of electric vehicles – Drivers jab Bawumia

September 29, 2023
KNIFE-BLOOD

An 85-year-old woman attacked after she was accused of witchcraft

September 29, 2023
andammm

Elianne Andam and her friend attacked the suspect a day before she was stabbed – Reports

September 29, 2023
deathy

Our hearts had been “broken” by her “senseless death” – Family of Elianne Andam

September 29, 2023
  • Trending
  • Comments
  • Latest

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
qz

The appreciation of the cedi against the dollar will be short-lived so don’t over jubilate – Haruna to gov’t

December 17, 2022
z455

Bui Power Authority calls for partnership to do more on climate change program at COP27

November 22, 2022

Hello world!

FB_IMG_1695882199638

Common economy, you could not manage but promising us commercial use of electric vehicles – Drivers jab Bawumia

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

FB_IMG_1695882199638

Common economy, you could not manage but promising us commercial use of electric vehicles – Drivers jab Bawumia

September 29, 2023
KNIFE-BLOOD

An 85-year-old woman attacked after she was accused of witchcraft

September 29, 2023
andammm

Elianne Andam and her friend attacked the suspect a day before she was stabbed – Reports

September 29, 2023
deathy

Our hearts had been “broken” by her “senseless death” – Family of Elianne Andam

September 29, 2023

Stay Connected test

  • 129 Followers
  • 20.2k Followers
  • 195k Subscribers
  • 23.8k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version