- The Ghana Revenue Authority (GRA) has uncovered VAT infractions at 12 businesses in Accra.
- The businesses were found to have various tax violations, such as failure to register for VAT and non-issuance of VAT documentation.
- Specific violations included selective issuance of VAT, unregistered status for VAT, failure to issue VAT documentation, and failure to register for VAT.
- The GRA is committed to ensuring complete tax compliance and will be scrutinizing all applicable taxes for each taxpayer visited.
- The GRA has set a revenue target of GH¢106 billion, with the Customs Division expected to collect GH¢28.5 billion in 2023.
- A total of 93 businesses in the capital have been listed as targets for enforcement and compliance this year.
Source: thebftonline.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Ghana"
- VAT Relief for Manufacturers on Imported Raw Materials Now Subject to Biannual Register Updates
- Consolidated VAT Rules Clarify Digital Services Scope, Exclude Online Gaming, Enhance Compliance Certainty
- Higher Upfront VAT Rate Imposed on Unregistered Importers to Encourage Timely VAT Registration
- VAT Rate Cut to 20%: Levies Now Claimable, Reducing Business Tax Burden
- Act 1151 Mandates FED Integration for Transaction-Based VAT Filing and Enhanced Tax Monitoring
