GRA Archives - Page 7 of 13

09 Aug

GRA Targets GH¢1.2 Billion In First Year Of 10% Tax Deduction On Lottery Wins

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The Ghana Revenue Authority (GRA) will on August 15 this year start withholding 10 percent tax on the gross winnings of all betting, gaming, lotto and other games of chance across the board. This decision, the Authority says, follows passage of the Income Tax (Amendment – No 2, Act 2023 (Act 1094) which sets out to impose tax deductions on all sport betting and gaming. Making an official announcement at a media engagement in Accra, Commissioner of Domestic Tax Revenue Division (DTRD), Edward Gyambrah said the specific deduction applies to winnings operated by private lotto operators, sports betting operators, casinos, route operators,…

03 Aug

GRA Petitioned To Conduct Comprehensive Tax Audit On Cecilia Dapaah

wontumionlineBusinessCecilia Abena Dapaah, GRA

Former President of the Chartered Institue of Taxation Ghana and a Fellow of the Institute of Chartered Accountants, Mike Kofi Aflu, has petitioned the Ghana Revenue Authority (GRA) to conduct a comprehensive tax audit on the former Minister of Sanitation and Water Resources Cecilia Abena Dapaah. “I hope this letter finds you in good health and high spirit. I am writing to draw your attention a matter of utmost importance and public interest. “As a citizen of Ghana, I am deeply troubled by recent revelations regarding the discovery of various sums of cash in different currencies at the residence of…

11 Jul

Joint BNI, GRA Operation Uncovers GH¢500m Tax Fraud

wontumionlineBusinessBNI, GRA, tax fraud

The Bureau of National Investigations (BNI) in collaboration with the Ghana Revenue Authority (GRA) spearheaded a historic operation that resulted in arresting executives of Wan Heng Ghana Ltd., a Chinese-owned cement manufacturing company. The company’s managers were taken into custody due to alleged tax violations totalling GH¢500million. The joint operation follows a tip-off from the Tema Medium Taxpayer Office of the Ghana Revenue Authority, as officials noticed discrepancies in monthly filings for the National Health Insurance Levy (NHIL) and Ghana Education Trust (GET) Fund. During the subsequent joint operation, police and military personnel tried to gather additional evidence from Wan…

03 Jul

GRA Confiscates 12,000 Cartons Of Unstamped Drinks From Importers

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Officials of the Ghana Revenue Authority (GRA) have seized 12,000 cartons of drinks with no tax stamps from importers. This was made known to the Ghana News Agency (GNA) when the Excise Unit of GRA embarked on a check operation at the GRA Customs Laboratory Facility at Airport City in Accra, where the confiscated products were stored. During the operation, GNA noted that some trucks were stocked with drinks without tax stamps while there were some with stamps on them. In an interview with GNA, Mr Kwaben Apau, Head of Excise Unit of GRA, said any item imported or manufactured…

16 Jun

GRA Is Constantly Improving Its Services To Enhance Tax Payment

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Mrs Vivian Shika Omolumo, Assistant Commissioner and Head, Tema Community One Taxpayers Service Centre, has revealed that the Ghana Revenue Authority (GRA) has upgraded its services to facilitate tax payments by clients. She said that GRA has taken advantage of technology to bring tax payments to the doorsteps of taxpayers for them to access from the comfort of their homes and offices. Mrs Omolumo revealed this at a workshop held by GRA for stakeholders regarding the implementation of the 12.5 per cent advance tax payment in response to various comments from the attendees regarding the difficulties they have when paying…

13 Jun

Enough Of The Deception, GRA Isn’t The Entity Collecting Property Rate Taxes – ChaLoG

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The Chamber for Local Governance (ChaLoG) has said it has become aware of the spirited defence being put up by the Ghana Revenue Authority (GRA), ostensibly to justify the use of a state institution as a decoy to cover up for a private company to illegally takeover the collection of Property Rate Taxes from Metropolitan/Municipal/District Assemblies (MMDAs). ChaLoG said granted that the GRA is the actual Government Agency collecting the Property Rate Taxes, the questions that are then begging for immediate answers from the GRA are ” Does the GRA consider MMDAs to be Government Agencies? ” Does the GRA consider…

09 Jun

More Businesses In GRA’s Grip Over Non-Issuance Of VAT Invoice

wontumionlineBusinessGRA, VAT

The Ghana Revenue Authority has captured some more businesses over the non-issuance of VAT invoices. The latest swoop saw over 6 businesses being busted for not complying with the GRA’s directive. The officials of the Authority seized some booklets from some shops and closed down some shops as well. The Enforcement action took place on June 9, 2023, at 1. Buildmart Ghana - Adabraka 2. Bedarts cold supplies - Lashibi 3. Excellence boutique - Spintex 4. Yat Ventures - Maamobi The GRA said: “Some booklets were seized and some shops were closed for business. We encourage all members of the…

08 Jun

We Can Take Property Rates – GRA

wontumionlineBusinessGhana Revenue Authority, GRA

Ghana Revenue Authority (GRA) has described as untrue suggestions by the Chamber for Local Governance (ChaLoG) in a statement on May 31, 2023, that property rates can only be collected by the District Assemblies. It said Section 124 of Act 936 as cited by the ChaLoG, spoke to revenue of district assemblies but made no reference to the District Assemblies collecting revenues on their own. A statement issued by the GRA and copied to the Ghana News Agency in Accra said that same section said nothing about the Metropolitan, Municipal and Districts Assemblies (MMDAs) not allowing other state agencies to assist…

07 Jun

GRA Taskforce Arrests Managers Of Enterprises For Tax Infractions

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The Ghana Revenue Authority (GRA) taskforce has arrested four managers of enterprises in Accra for not issuing tax invoices. The companies are Buildmart Company Ghana in Adabraka, Bedarts Cold Supplies in Lashibi, Yat Ventures in Mamobi and Excellence Boutique at Spintex Road. The managers were taken to the Customs Office at the headquarters for their statements before being handed over to the Criminal Investigation Department of the Police. Mr Joseph Annan, Area Enforcement Manager of GRA, in charge of Accra Central, said the companies had not comply with Section 41 of VAT Act which mandated them to issue the tax invoice at…

06 Jun

GRA To Charge Importers Additional 12.5% If They Fail To Register For VAT

wontumionlineBusinessGRA, Importers, Upfront Payment Policy, VAT

The Ghana Revenue Authority (GRA) is cautioning all importers who qualify to register for Value Added Tax (VAT) but have failed to do so will be charged an additional 12.5% on the customs value of taxable goods they import, from June 6, 2023. This follows the implementation of the Upfront Payment Policy. According to the GRA, the upfront payment is charged at importation on taxable goods imported in commercial quantities with a value of ¢200,000 and above. It explained that the Upfront Payment Policy is not a new tax, but a compliance tool to encourage persons required to register for…