GRA misses Tax Amnesty Policy target of GHc500m

The Ghana Revenue Authority (GRA) missed its 2018 Tax Amnesty Policy target of GHc300 million.

The GRA was able to recoup GHc287 million cedis from the Policy which ended in September 2018.

The Authority projected to recoup between GHc300 million and GHc500 million from the policy it introduced to encourage the taxable citizens who had not paid taxes or under-declared their income, to voluntarily pay.

Meanwhile, the GRA has expressed disappointment over what it says is the failure of taxpayers to take advantage of that period to honour their tax obligation.

“We have gone past that stage and we are currently at the enforcement stage. We will now apply sanctions to collect all the money due the state,” said Commissioner General of the GRA Emmanuel Kofi Nti.

“We are going all out this time and we will enforce the law, so those who are cheating the system will be brought to book,” Mr. Nti warned.

The introduction of the Tax Amnesty policy formed part of efforts by the GRA to increase domestic revenue.

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By: Citibusiness