Government has given the Ghana Revenue Authority a revenue target of 45 billion Ghana Cedis to be collected in 2019.
The figure according to the Commissioner-General of the GRA, Emmanuel Kofi Nti will be revised upwards to help government realize its objective of a Ghana Beyond Aid, adding that discussions aimed at revising the figure upward are currently ongoing.
‘’The GRA will marshal all its efforts to considerably improve on its collections for the year. Even for 2018 where we faced considerable challenges, we were able to achieve a 16.4 growth over the 2017 collection. It is my expectation that we will achieve the projected upward revised target’’ he said at a press soiree Thursday, January 31, 2019.
The Commissioner-General said the Authority was devising various strategies that will help it achieve the 2019 target, including stepping up of activities to identify and plug revenue leakages, full implementation of the Excise Tax Stamp policy and broadening the tax net.
Other measures outlined by the Authority include continuous compliance and enforcement activities, Desk review of all annual returns submitted for 2018 and previous years and intensifying compliance activities on rent tax among others.
Mr. Kofi Nti also noted that the Authority was poised to work at increasing the compliance level of professionals, adding that professionals such as lawyers, Accountants, Architects, Surveyors, Doctors and others will be made to pay their fair share of taxes in accordance with the law, including the issuance of VAT receipts for their services.
Sources: BestNewsGH.com
