A/R: GRA gets tough on 8 companies owing over GHC11m in taxes

The Ghana Revenue Authority has embarked on an exercise to retrieve over GHC11million in tax default in the Ashanti Region. Eight institutions, which have not settled their tax liabilities between 2013 and March 2017, are being targeted in the exercise. They include Naa Achiaa Estate Limited at Esereso owes over GHC2 million, Mediterranean Project Limited also owes over GHC 4millon, and Fabrication Workshop owes over GHC 7million, Their action is in breach of section 134 of the Internal Tevenue Act[Act 592 ] which requires that persons assessed shall pay the tax due within 30 days from the date of service of notice from assessment. According to the Ghana Revenue Authority, its Special Revenue Mobilization Taskforce has intensified tax Compliance and Debt Recovery activities throughout the country. These exercises, it said, are geared towards ensuring full compliance with the provisions of the tax laws and to shore up tax revenue to meet the 2017 target of GHC34billion. Meanwhile the taskforce in collaboration with the Tax Offices, recovered tax revenue amounting to GHC66,337, 842.20 spanning January 1, 2017 to June 16, 2017. The coordinator of the Special Taskforce, Henry Sam, said they had earmarked a list of eight delinquent taxpayers, who owed the state over GHC11 million in Ashanti Region. According to Mr Sam, the exercise was the last tool of mobilization that GRA could use to collect monies owed to it. He urged the tax payers to voluntarily comply with the tax laws by filling all tax returns, issue VAT invoices for taxable supplies and effect payment of all relevant taxes on or before the due date to avoid embarrassment . In a related development, operations manager of Rockson Kofi Nsiah company limited, Michael Nartey, is fighting back accusations that they owe the GRA over GHC7 million Ghana in taxes. He said he would contest the matter in court.

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By Benjamin Aidoo|3news.com|Ghana]]>