GRA receives GHC32 billion revenue for third quarter

Advert Africa
Advert Africa
2 Min Read

The Ghana Revenue Authority as at the end of September, 2019, received an amount of GH¢ 32 billiion less of its target for the year, Mr Amishaddai Owusu Amoah, the Acting Commissioner General of the Authority said.

Mr Amoah was optimistic that the Authority would meet the target by the end of the year.

In an interview with the Ghana News Agency in Accra, the Acting Commissioner General said the Authority had put in place measures to collect taxes for the country.

He said the GRA would continue to educate the populace on its campaign about debt collection, tax compliance and general tax compliance.

Touching on the Value Added Tax (VAT), Mr Amoah expressed concern about tax infractions from companies, which prevented the country of getting the needed revenue for developmental purposes.

He said there were serious violations of tax laws, a situation where some companies had falsified VAT invoices and made misleading statements about their tax returns.

Mr Amoah said four traders were currently facing prosecution for violating tax laws, urging the public to do well to honour their tax obligations.

On debt collection, he said most companies owed GRA taxes and as part of campaign to retrieve the money, they have written to the organisations to settle their debts or face the full rigours of the law.
In line with that, the Authority in September, 2019, launched a taskforce dubbed: “Operation Collect, Name and Shame” aimed to collect taxes that are overdue and publish in the media the names of businesses that are proving recalcitrant to settle their tax debt.

The taskforce was to ensure compliance of companies and individuals who have refused to pay their outstanding taxes.

The operation was necessary because revenue performance was low and it was prudent to use all legitimate measures to shore up revenue.

TAGGED:
Share This Article
Follow:
Welcome to Afronewswire.com, your premier destination for exploring the vibrant tapestry of African history, culture, business, and talent. Powered by Advert Africa, we offer an immersive journey into the heart of the continent's diverse narratives. Embark on a journey of discovery with Afronewswire.com, where every click unveils a treasure trove of insights and stories. From ancient civilizations to contemporary innovations, we are dedicated to showcasing the dynamic essence of Africa. Whether you seek the latest news, insightful features, or effective brand management solutions, Advert Africa stands as your trusted partner. Elevate your online presence and engage with a global audience through our comprehensive services. Connect with us today via call or WhatsApp at +233531868098, and let's illuminate the world with the richness of Africa together. Explore Afronewswire.com and experience the power of African storytelling at your fingertips.
Leave a comment