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 […]
Kumasi: Reg. Minister meets with aggrieved Traders; GRA to withdraw ahead of agreement on roadmap to resolve Tax impasse
By: Razak Baba The Ashanti Regional Minister, Mr Simon Osei-Mensah has drawn a road map to settle the impasse between the Ghana Revenue Authority and aggrieved traders in Kumasi. This was after a closed-door meeting with the leadership of the various traders’ Associations in Kumasi. The Minister commended them for calling off the strike and […]
We will not support crippling business taxes- Traders at Adum
By: Nicholas Osei-Wusu, Kumasi Store Operators at Adum in Kumasi say even though they are ever ready to comply with the tax regimes of the country, they will not support implementation of any tax policy that has the potential to cripple their businesses. Addressing the media in Kumasi on Wednesday October 12, 2022, the store […]
GRA closes China Mall Shopping Centres for non-compliance with tax laws
SOURCE: GNA Enforcement Officials of the Ghana Revenue Authority (GRA) has closed four branches of the China Mall Shopping facilities in Accra for non-compliance of the e-invoicing system for Value Added Tax (VAT) introduced by the Authority. The Authority rolled out the e-invoicing system for VAT collectors from October 1, 2022, to 600 large taxpayers […]
