Non-issuance of VAT invoice is a criminal act – GRA
The Ghana Revenue Authority (GRA), compliance and enforcement unit, says the non-issuance of Valued Added Tax (VAT) invoice is a criminal offence and can lead to prosecution. The Authority said tax defaulters could be charged under sections 78 and 82 of the Revenue Administration Act, 2016 (Act 915) that focus on failure to comply with […]
GRA’s implementation of 10% withholding tax on betting, lottery winnings begins August 15
The Ghana Revenue Authority (GRA) has announced that it will begin implementing a 10% withholding tax on all gross gaming winnings from August 15, 2023. The GRA explained that the withholding tax will be charged on profits accrued after each win and that the existing 15% Value Added Tax (VAT) rate on each stake will […]
GRA taskforce arrests managers of enterprises for tax infractions
The Ghana Revenue Authority (GRA) taskforce has arrested four managers of enterprises in Accra for not issuing tax invoices. The companies are Buildmart Company Ghana in Adabraka, Bedarts Cold Supplies in Lashibi, Yat Ventures in Mamobi and Excellence Boutique at Spintex Road. The managers were taken to the Customs Office at the headquarters for their […]
GRA’s 12.5% VAT upfront payment for non-registered VAT importers begins June 6
By: Franklin ASARE-DONKOH The Ghana Revenue Authority (GRA) will from Tuesday, June 6, 2023, impose an upfront payment of 12.5 percent (12.5%) tax on the value of goods imported by persons or companies who are yet to register for Value Added Tax (VAT) with the Authority. According to the management of GRA, importers of taxable […]
GRA Intelligence Unit warns importers against under declaring cargo
SOURCE: GNA The Intelligence Unit of the Ghana Revenue Authority (GRA), has cautioned importers and declarants of cargoes to desist from under-declaring, mis-describing, devaluing weight, and under-invoicing as the Unit is tracking such activities. Mr Wisdom Xetor, Assistant Commissioner Intelligence, GRA, told Journalists that GRA had been doing some tracking and monitoring underground to uncover […]
Obuasi Municipal Assembly to support GRA meet property rate target
The Obuasi Municipal Assembly has announced its readiness to support the Ghana Revenue Authority, GRA, in the collection of property rates within the Municipality. The Assembly is already providing the needed assistance to the GRA to meet its revenue targets in terms of property rate collection. The Municipal Chief Executive, Elijah Adansi-Bonah, stated this to […]
ECG disconnects GRA, KFC, Ho Airport, others from power grid
By: Benjamin Obeng Antwi The Electricity Company of Ghana (ECG), Volta Region has disconnected some customers on the first day of the company’s nationwide revenue mobilization exercise which begun on 20 March,2020. The exercise which took place in all eleven districts of the company in Volta and Oti region saw officials from the company visit […]
GRA must stop unnecessary harassment of businesses under guise of back tax claims- IEAG
The Importers and Exporters Association of Ghana, IEAG says it has been taken aback by recent actions of the Ghana Revenue Authority, GRA in using tactics under the guise of tax compliance and revenue mobilization. This unguided action adopted by the GRA of imposing contentious back tax claims on businesses should be cut short before […]
Ho Collection Unit of Customs exceeds 2022 revenue target by 38.23%
The Ho Collection Unit of the Customs Division of the Ghana Revenue Authority has exceeded its 2022 revenue target by 38.23 percent. The unit collected 37.8 million Ghana cedis over its target of 27.4 million Ghana cedis. The Sector Commander Mrs. Felicia Dadeboe Azumah Esq, announced this at a Dinner and Awards Night at Ho […]
Top executives of two companies arrested for tax fraud
SOURCE: GNA The Ghana Revenue Authority (GRA) has apprehended two top executives of two companies in the Eastern Region for allegedly producing and distributing products with a falsified and altered excise tax stamp of the authority. The two were the directors of J. H. Riches Company, situated in Nkurakan and producing and importing schnapps, as […]
