GRA

Bawumia Launches E-Tax Clearance Certificate For GRA
31 Mar

Bawumia Launches E-Tax Clearance Certificate For GRA

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Vice President Dr Mahamudu Bawumia on Thursday afternoon, 30 March 2023, launched the Electronic Tax Clearance Certificate for the Ghana Revenue Authority (GRA). The platform, which can be accessed through a QR Code, online portal or a USSD, enables tax payers to conveniently access and generate their tax clearance certificates online, file their tax returns and also check their tax compliance status by dialing the USSD code *880#. Dr Bawumia said the Electronic Tax Clearance Certificate adds to the list of digital payment initiatives, which are boosting transparency and increasing revenue mobilisation. He added it is also in line with…
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GRA Reiterates Calls For Businesses To Embrace E-VAT
31 Mar

GRA Reiterates Calls For Businesses To Embrace E-VAT

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The Ghana Revenue Authority (GRA) has reiterated calls for business operators to embrace the E-VAT system to help government rake in more revenue as part of efforts to address the economic challenges that confronts the country. The Authority explains that the piloting stages of the E-VAT system has been successful thus the need to onboard all companies operating in the business space. Speaking on the sidelines a Business engagement with CEOs of businesses to get them acquainted with the E-VAT system, the Commissioner of Domestic Tax at GRA, Edward Appenteng Gyamerah said the authority is starting with about 600 companies…
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Ho Airport, GRA And Others Disconnected From National Power Grid
21 Mar

Ho Airport, GRA And Others Disconnected From National Power Grid

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The Volta Regional branch of the Electricity Company of Ghana has disconnected some customers from the national power grid. The power distribution company from March 20, 2023, embarked on a nationwide revenue mobilization exercise to recoup unpaid bills. The exercise in the Volta and Oti regions commenced in all eleven districts and was supervised by the regional branch of ECG. According to a citinewsroom.com report, ECG disconnected the power supply of Ho Airport for owing GH¢63,000, GRA Office for owing GH¢55,000, CEPS training academy for owing GH¢80,000 and Ho Technical University for owing GH¢402,000. The others affected by the exercise…
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GRA Recovers GH¢85 Million In Revenue Shortfalls From Businesses
20 Mar

GRA Recovers GH¢85 Million In Revenue Shortfalls From Businesses

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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…
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GRA Monitoring Team Recovers Over ¢85M Revenue Shortfall
20 Mar

GRA Monitoring Team Recovers Over ¢85M Revenue Shortfall

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The Ghana Revenue Authority (GRA) monitoring team has recovered more than ¢85 million revenue shortfall from businesses for the state within the first five months of 2023. The aggressiveness of the monitoring team divided into groups significantly impacted revenue mobilisation between October 2022 and February 2023. Four teams were inaugurated in October 2022 to undertake risk-based and intelligence driven operations across the country. The teams which are grouped as Tema, Eastern Frontier based at Dabala, Western Frontier based in Kumasi and Vehicle Taskforce which operates nationwide have also arrested some unaccustomed goods. They also carried out other related assignments which…
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e-VAT Regime For 600 Large Taxpayers Set To Begin
14 Mar

e-VAT Regime For 600 Large Taxpayers Set To Begin

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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,…
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‘We Are Not Targeting Your Businesses’ – GRA Refutes Ken Agyapong’s Allegations
14 Mar

‘We Are Not Targeting Your Businesses’ – GRA Refutes Ken Agyapong’s Allegations

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The Ghana Revenue Authority (GRA) has responded to recent allegations that its officials have been unfairly targeting business concerns belonging to Kennedy Agyapong, the Member of Parliament for Assin Central. A statement from the GRA's Communications and Public Affairs department said the claims by the lawmaker including that his companies were being subjected to unjustified audit are false. “The purpose of such audits is to measure and improve compliance while fine-tuning controls. The factory in question together with other companies were thus audited to check the value of goods imported and their intended use. "We wish to disclose that in…
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GRA Exceeds Target For First Two Months In 2023; Collects ¢13.3bn
09 Mar

GRA Exceeds Target For First Two Months In 2023; Collects ¢13.3bn

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The Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr. Ammishaddai Owusu-Amoah, has disclosed that the authority has mobilised ¢13.3 billion in taxes in the first two months of 2023. This shows a 5% increase of the projected ¢12.6 billion. Dr. Owusu-Amoah disclosed this on a yet to be aired PM Express Business Edition with host George Wiafe on Joy News at 9PM on 9th March, 2023. He is hopeful the authority will be able to meet its end of year target. This, he explained, is due to the fact that economic activities are slow during the first quarter…
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The Tax Fracas, Tullow’s March To The ICC And Ghana’s IMF Deal
03 Mar

The Tax Fracas, Tullow’s March To The ICC And Ghana’s IMF Deal

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The Ghana Revenue Authority (GRA) has drawn global attention to Ghana’s tax laws and whether investors can trust its interpretation and application with its ongoing fracas with four multinational companies regarding their back-tax obligations. The Ghana Revenue Authority (GRA) Undoubtedly, the action of the state tax collector has created some level of uncertainty around Ghana’s tax laws and how they are interpreted and applied. Giving impetus to this assertion is the fact that the companies in question have been complying with the state’s tax laws based on their contractual understanding over decades during which period the GRA has had no cause…
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Tullow Refers Almost $300m Tax Dispute With GRA To International Arbitration
14 Feb

Tullow Refers Almost $300m Tax Dispute With GRA To International Arbitration

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Tullow Oil Plc has announced that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in respect of two disputed tax assessments received from the Ghana Revenue Authority (GRA). In a notice to investors, the oil giant said the assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds received by Tullow Oil Plc under Tullow’s Corporate Business Interruption Insurance policy. The requests for arbitration have been filed in accordance with the dispute resolution process set out in the Petroleum Agreements which govern TGL’s…
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