GRA

Transfers Between Bank Accounts Linked To Momo Wallet Should Not Attract E-Levy – GRA Insists
07 Dec

Transfers Between Bank Accounts Linked To Momo Wallet Should Not Attract E-Levy – GRA Insists

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The Ghana Revenue Authority (GRA) has reaffirmed its position regarding Electronic Transaction Levy (E-Levy) charges, specifically addressing concerns related to transactions between bank accounts and mobile money wallets. The GRA has made it clear that accounts linked directly to one's mobile money wallet should not attract any E-Levy charges during transactions. The clarification comes in response to an X user's request for clarity on recent deductions being reported on social media. The user questioned "Are taxes imposed on the transfer of monies from bank accounts to linked momo numbers a directive from your office? @Ghana Revenue." In response, the GRA clarified that any charges…
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High Court Grants GRA Power To Recover GH₵179.4M
28 Nov

High Court Grants GRA Power To Recover GH₵179.4M

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An Accra High Court has issued a landmark ruling on the tax assessment of Maersk Drillship IV Singapore, declaring that its income arising from its Ghanaian Permanent Establishment is assessable, rejecting the company’s claim of exemption under the Petroleum Agreement. The total money involved is a substantial sum of $15.5 million ($15,513,221.16) in tax revenue. This comprises $12.8 million ($12,805,543.20) in direct taxes and $2.7 ($2,707,607) million in indirect taxes. Breaking down the figures, GRA has established an official exchange rate of GH₵11.5668 to the dollar. Utilizing this conversion rate, the total tax revenue of $15,513,221.16 transforms into GH₵179.4 million…
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Court Affirms GRA’s GH¢19M Tax Liability Against MTN Ghana
27 Nov

Court Affirms GRA’s GH¢19M Tax Liability Against MTN Ghana

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The High Court, Accra, has affirmed a GH¢19 million tax liability imposed by the Ghana Revenue Authority (GRA) on Scancom PLC, owners of MTN Ghana. On November 9, the High Court, Accra, (Commercial Di­vision) presided over by Justice Afi Agbanu Kudomor ruled that the GRA did not err in law when it imposed a Value Added Tax (VAT) liability on Scancom PLC for Imported Services between 2014 to December 2017. This was after the MTN ap­pealed against the imposition of VAT liability at the high court. Justice Kudomor held that “GRA did not err in law when it imposed National…
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GRA Commends Damongo Sector Commander
23 Nov

GRA Commends Damongo Sector Commander

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The Damongo Collection point of the Ghana Revenue Authority (GRA) of the Custom and Excise Division in the Savannah Region, has for a second consecutive time in two years, exceeded its target of GHC3, 105,202.12 with breakdowns from import tax and petroleum. In 2022, the collection was given a total revenue target of GHC 20,000 but realized GH¢550, 000 mainly from seized vehicles with tampered chassis and smuggled cars. In 2023, the Collection was tasked to collect a revenue target of GH¢85,050,000.00, GH¢867, 500.00 for imports, and GH¢4,186,300.00 for Petroleum tax revenue but before the end of the year, in…
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GRA Confiscates Illicit Tobacco Products Valued At ¢7.9M
22 Nov

GRA Confiscates Illicit Tobacco Products Valued At ¢7.9M

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The Customs Division of Ghana Revenue Authority (GRA) has confiscated a substantial quantity of illicit tobacco products, which were unlawfully smuggled into Ghana through unapproved border routes. The action, according to the GRA is a crucial step in its continued commitment to tackle the smuggling, importation, and sale of illicit tobacco products, which have been infiltrating the Ghanaian markets. All the confiscated products had been illicitly brought into Ghanaian territory. The street value of the confiscated products amounted to ¢7,951,238.39. A statement from the GRA said the action contravened the Public Health Act, 2012, Act 851, and the Tobacco Control…
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Abossey Okai Spare Parts Dealers Association Suspends Sit-Down Strike
02 Nov

Abossey Okai Spare Parts Dealers Association Suspends Sit-Down Strike

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The Abossey Okai Spare Parts Dealers Association has suspended its sit-down strike against the Ghana Revenue Authority’s (GRA) Compliance and Manual-Policing Exercise, which it describes as intimidating. The traders also registered their displeasure at the implementation of the GRA’s Compliance and Manual-Policing Exercise without engaging the association. Speaking at a press conference, the Head of Communications, Takyi Addo, said the suspension of the sit down strike is due to the withdrawal of the GRA and Customs personnel from their shops. “We have suspended our sit-down strike based on the engagement with the GRA Commissioner and the Customs Commissioner because they’re…
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GRA Impounds 11,200 Imitated Wax Prints
30 Oct

GRA Impounds 11,200 Imitated Wax Prints

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The Eastern Corridor Monitoring Team of the Ghana Revenue Authority (GRA) has impounded 11, 200 full pieces of imitated wax prints concealed in an assorted merchandise in a 40-footer container. The team has also seized 6,000 pieces of mobile phones concealed in assorted merchandise. The concealed items were discovered by officials of the Customs Division of the GRA at the Dabala checkpoint upon a tip-off. It is suspected that the importers of the items were attempting to evade taxes. In the case of the wax prints, it was found that out of the 11,200 prints valued at GH¢1.3 million, the…
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We’re Committed To Fulfilling Our Tax Obligations – Sol Cement
24 Oct

We’re Committed To Fulfilling Our Tax Obligations – Sol Cement

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Wan Heng Ghana Limited, producers of Sol Cement have assured that they are committed to fulfilling their tax obligations to the country. This follows the closure of the Chinese-owned cement manufacturing firm by officials of the Ghana Revenue Authority (GRA) for tax default amounting to more than GH¢700 million. The company was cited for the VAT infraction including corporate income tax and penalties after a tax audit by the GRA tax enforcement. It failed to pay taxes for more than two years and has been asked to settle the amount within 10 days. The company in a statement issued on…
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GRA Closes Chinese Company Sol Cement For ₵700M Tax Default
23 Oct

GRA Closes Chinese Company Sol Cement For ₵700M Tax Default

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The Ghana Revenue Authority (GRA) has closed down a Chinese cement manufacturing company, Sol Cement, for not paying taxes. The company is estimated to owe over ₵700 million. The Tax Enforcement Team of the GRA went to the site of the company to lock it up after conducting a tax audit. Sol Cement was cited for VAT infractions, CIT penalties, and others which have not been paid for more than two years. Besides the closure, the GRA has also issued a restraining order to prevent owners and/or employees of the company from accessing the premises. The leader of the operations,…
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Abossey Okai Spare Parts Dealers To Close Shops On November 1, 2023
19 Oct

Abossey Okai Spare Parts Dealers To Close Shops On November 1, 2023

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The Abossey Okai Spare Parts Dealers have resolved to close down shops on November 1, 2023, to protest actions by the Ghana Revenue Authority which they describe as an intimidation of businesses. This latest decision follows a series of engagements with the government to withdraw customs officers and halt the tax invigilation process. According to the dealers, all efforts to get the government to listen to their plight have failed and the only option is to close down the shops for days. This decision comes as a response to the association's grievances concerning certain decisions taken to enforce tax compliance…
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