Tuesday, June 28, 2022

GRA impounds some items without Excise Tax Stamp

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The Medium Tax Office of the Ghana Revenue Authority GRA as part of its routine inspection and assessing of registered goods has impounded some items which have no Excise Tax Stamp embossed on them in Koforidua, the Eastern Regional Capital.
The exercise which was in collaboration with officials from GRA Headquarters in Accra visited many warehouses to ascertain whether they have complied with the tax stamp directive.
Speaking to the media, the Principal Revenue Officer of GRA, Nathan Dankwa said his outfit will extend the exercise to manufacturing companies across the country to ensure that they have tax stamp on the various goods.
Touching on goods which were seized during the exercise, he said the GRA is giving managers of the affected warehouses thirty days beginning from today to pay the required tax amount and additional thirty percent penalty.
He added that refusal to comply with this directive will lead to confiscation of such items and subsequent prosecution.
A Senior Revenue Officer at GRA George Boateng, revealed that selective fixing of tax stamp by most wholesalers is a major challenge facing his outfit adding that this was evident throughout the exercise.
He advised retailers to ensure that Excise Tax Stamps are embossed on goods before they buy from wholesalers adding that the exercise is being replicated across the region.
Mr. Boateng entreated the public especially those within the production chain to comply with GRA directives to avoid confiscation and prosecution.
Some of the warehouse which the Medium Tax Office unit visited included Aduboafo Company Limited, Sir Cool Mineral Water and Voltic Warehouse. Some of the Goods which were seized were Beta Malt, Voltic water and Madingo alcoholic drinks.

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