The Ghana Revenue Authority (GRA) has cautioned Accra Brewery Limited and Kasapreko Company Limited that it will not hesitate to revoke their operational license if the companies flout the tax stamp law.
It emerged yesterday during GRA’s tax stamp compliance and enforcement exercise in Accra that the two had transferred the tax stamps for current production to its distributors to affix them on old stock.
According to the Chief Revenue Officer and Head of Excise Unit of the GRA, Kwabena Anto Apau, the practice is an infringement on the tax stamp law. He explained that there are three categories of tax stamps including the one for current production.
one for importers who have been authorized by the GRA to affix tax stamps on the affected imported goods and one for old stock which preceded the implementation of the policy. If a company has old stock in their wholesale points, they are required to inform the GRA so it can carry out an inventory and issue the corresponding number of tax stamps.
