The Ghana Revenue Authority (GRA) has clarified its enforcement measures regarding tax compliance, explaining that it only freezes the bank accounts of taxpayers who fail to cooperate after being assessed for outstanding tax obligations.
The clarification follows reports circulating on social media claiming that the Authority had frozen the accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
In a statement issued by its Communication and Public Affairs Department, the GRA stated that it follows a structured process in assessing the incomes of taxpayers.
This involves requesting individuals and businesses to voluntarily declare their earnings. If they fail to do so within the required timeframe, an assessment is raised based on available financial data. Enforcement actions, including freezing bank accounts, are only taken when a taxpayer refuses to comply after being duly notified.
The GRA confirmed that in Mr Quaye’s case, while an income tax assessment has been issued, no enforcement measures, such as freezing his bank accounts, have been initiated.
The Authority urged the public to disregard social media reports suggesting otherwise.
Reiterating its commitment to fair and transparent tax administration, the GRA encouraged all taxpayers to fulfil their tax obligations voluntarily to avoid penalties, interest charges, or other sanctions. It assured the public of its adherence to integrity, fairness, responsiveness, service, and teamwork in its operations.
Source: Graphiconline
