Ghana Revenue Authority Archives - Page 3 of 3

20 Mar

GRA Recovers GH¢85 Million In Revenue Shortfalls From Businesses

wontumionlineBusinessDr Ammishadai Owusu-Amoah, Ghana Revenue Authority, GRA

The Ghana Revenue Authority (GRA) monitoring team noted that more than GH¢85 million has been recovered in revenue from businesses within five months, i.e October 2022 to February 2023. The losses were recovered by a monitoring team inaugurated in October 2022 to undertake risk-based and intelligence-driven operations across the country. The Commissioner of Customs, Alhaji Seidu Iddrisu Iddisah, however, warned that the GRA will ensure that any unethical exercise by any importer or trader against the country’s customs laws will be uncovered and dealt with. “As you know, Customs is supposed to be at all the entry points to ensure that goods…

14 Mar

e-VAT Regime For 600 Large Taxpayers Set To Begin

wontumionlineBusinessE-VAT, Ghana Revenue Authority, GRA

The Ghana Revenue Authority (GRA) is set to start the first phase of electronic value added tax (e-VAT) implementation, where some 600 taxpayers in the Large Taxpayer Office (LTO) will be integrated into the Commissioner-General’s invoicing system from March 31 to June 1, this year. This follows the successful pilot of some 50 targetted taxpayers on the certified electronic invoicing system. The GRA said the targetted 600 pay 90 percent of total VAT revenue and a total of 80 percent of the country’s total domestic tax revenue. The second phase of the initiative, Assistant Commissioner – VAT Administration, Philip Acquah,…

07 Feb

New Property Rate Rollout: GRA, MMDAs Target GH¢1.77billion

wontumionlineBusinessGhana Revenue Authority

The Ghana Revenue Authority (GRA), in collaboration with the Ministry of Local Government, Decentralisation and Rural Development and the Lands Commission, has collected data required to bill all properties in the country. The list and details of more than 8.87 million properties, codified into the Unified Common Property Rate Platform, also known as Myassembly.gov.gh, to enable property owners to verify their rates and pay same, come with their valuations, owners and other details. However, 76 metropolitan, municipal and district assemblies (MMDAs) have provided the rates or levies for the various properties (imposts), which will form the basis for the first…

12 Jan

1% E-Levy: GRA To Reimburse Customers Wrongfully Overcharged

wontumionlineBusiness, NewsE-levy, Ghana Revenue Authority, GRA

The Ghana Revenue Authority (GRA) has assured to reimburse mobile money customers who are wrongfully overcharged following the implementation of the 1 percent levy on electronic transfers. The reduction of the Electronic Transfer Levy (E-Levy) from 1.5 to 1 percent commenced on Wednesday, January 11. The reduction of the levy was made known in the 2023 Budget and Economic Policy Statement presented on the floor of Parliament last year by the Finance Minister, Ken Ofori-Atta. Speaking to Citi News, a Member of the E-levy Technical Committee GRA, Opoku Afriyie Asante said adequate measures have been put in place to deal with…

05 Jan

ECG, GWCL, BoG & GRA Among Institutions Under Probe By OSP

wontumionlineBusinessElectricity Company of Ghana, Gaming Commission of Ghana, Ghana Revenue Authority, Ghana water company limited

The Office of the Special Prosecutor (OSP) has listed cases it is investigating. In its half-yearly report for the period between August and December, 2022, the Office stated that over 120 cases involving individuals and state-owned institutions are under investigation for corruption-related matters. Among the institutions are the Electricity Company of Ghana (ECG), the Gaming Commission of Ghana (GCG), the National Sports Authority (NSA), the Ghana Water Company Limited (GWCL), the Ghana Revenue Authority (GRA), the Bank of Ghana (BoG) and the Ghana Police Service (GPS). For ECG, the Office is investigating suspected corruption and corruption–related offences in respect of the termination of a Distribution, Loss Reduction and Associated Network Improvement Project contract between the Company and Beijing Xiao Cheng Technology (BXC).…

13 Dec

GRA Urges Event Organisers For ‘December In GH’ To Fulfil Their Tax Obligations

wontumionlineShowbizevent organisers, Ghana Revenue Authority

The Ghana Revenue Authority (GRA) has urged event organisers for the “December in GH” to fulfil their tax obligations under the law with regards to event organisations. Mr. Joseph Adjeikwei Annan, Accra Central Area Enforcement Manager, GRA, said over the years the GRA had monitored events to secure taxes for government but had issues with event organisers who refuse to pay. He said taxes were the life blood of every nation and GRA had the mandate backed by law to collect taxes for government, and urged them to comply when approached. Mr. Annan was speaking at the stakeholders’ engagement between…

01 Dec

GRA Enforces VAT Compliance At Quarry Sites; One Local, Five Chinese Quarries In The Net

wontumionlineBusinessGhana Revenue Authority, VAT

The Ghana Revenue Authority (GRA) has begun enforcement of VAT compliance at stone and sand quarry sites across the country, with the aim of shoring-up revenue to meet its GH¢80.3billion tax target for the year. The Authority says its ongoing activity forms part of a series of enforcement to be done before end of the year, as major emphasis will move to the hospitality sector during the festive season. In a compliance exercise that started this week, five Chinese firms – Top Stone Quarry, Uniafrika, Massaike & Sabbagh Company Ltd., Derby Quarry Ltd., and Orient Quarry located at the Shai…

14 Oct

Limit Political Interference To Make GRA Effective – Tax Expert

wontumionlineBusinessGhana Revenue Authority, GRA

Tax Expert at OXFAM Dr. Alex Ampaabeng has stated that political interference is rendering the Ghana Revenue Authority (GRA) less effective in the discharge of its mandate. According to him, the rampant political intrusion into the administration and operation of very sensitive state institutions such as the Ghana Revenue Authority is costing the country a lot. Dr. Ampaabeng further called for the appointment of the head of GRA to be done by the staff of the authority instead of the president making such appointment. “The political games we are playing are costing the country a lot. I look forward to…