The Ghana Revenue Authority (GRA) has identified some businesses within the capital that have not registered with the authority for their monthly tax payment as obliged by law.
The Accra Central Enforcement Unit of the GRA, Assistant Commissioner, Joseph Annan addressing the media in their ongoing VAT enforcement exercise revealed that the task force found out that many businesses had not registered with the authority, while those that had registered were either not issuing VAT invoices or were engaged in selective issuance of VAT invoices.
“What it means is that we have to do a lot more compliance checks”.
“Businesses operating in the country that have failed to register with the authority or comply with tax laws will be compelled to do the right thing,” he said.
According to the authority, it will intensify its enforcement exercises to compel non-tax-compliant businesses to honour their tax obligations in line with the law.
In June 2023, the Ghana Revenue Authority envisioned retrieving GH¢106 billion for the year, representing a year-on-year growth of 40 per cent from tax evaders.
Mr Annan added that the authority had put in place a number of measures to ensure maximum compliance of all tax laws.
According to him, the task force had extended its focus beyond VAT enforcement to ensure complete tax compliance.
“For now, we are not limited to VAT because in order to achieve the target, we have to look at all tax types”.
“Taxation encompasses VAT, our scrutiny will encompass all applicable taxes for any given taxpayer we visit”.
“We are not limiting our exercise solely to VAT,” he noted.
Mr. Annan appealed to every taxpayer not to deviate from the law but to contribute wholeheartedly to the betterment of the nation.