The National Organiser of the ruling New Patriotic Party (NPP), Henry Nana Boakye, commonly known as Nana B, is urging the government to immediately withdraw the Emissions Levy. Nana B contends that emission levies are typically imposed on developed nations that have embraced electric cars to address climate change. He said Ghana has not reached […]
Tag: GRA
GRA bags GH¢113bn in 2023 – Highest collection in 20 years
The Ghana Revenue Authority (GRA) collected a tax revenue of GH¢113.06 billion last year, GH¢3.87 billion more than it was tasked to collect. The performance represents a nominal growth rate of 49.3 per cent over the 2022 fiscal year, which the GRA described as the highest ever in the last 20 years. For the 2023 […]
KPMG’s audit of GRA/SML extended to Feb 24
KPMG’s audit deadline of the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) contract has been extended from the initial date of Tuesday, January 16, 2024, to a new date of Friday, February 23, 2024. The extension followed a request by KPMG. A statement issued by Eugene Arhin, the Director of Communications at […]
Do you want to disgrace me? – Cheddar rejects tax evasion claims
The founder of the New Force, Nana Kwame Bediako, has denied tax evasion claims by the Ghana Revenue Authority (GRA). The leader of the New Force made headlines in the state newspapers for his failure to file personal income tax returns from 2013 to 2016, and was fined an amount of GH¢50,000. Also, the publication […]
KPMG’s audit report will confirm integrity of our contract with GRA – SML
Strategic Mobilisation Ghana Ltd. (SML) is confident that the ordered audit into its contract with the Ghana Revenue Authority (GRA) and the Finance Ministry will vindicate the deal. SML believes that the forthcoming report by KPMG, the firm tasked with conducting the audit, will demonstrate the integrity of the contract in safeguarding the state’s revenue. […]
President Akufo-Addo directs audit into SML/GRA contract; Suspends performance of contract
President Nana Addo Dankwa Akufo-Addo has directed an audit into SML/GRA contract and has asked for a suspension of the performance of contract. The Director of Communications at the Presidency, Eugene Arhin made this known in a press statement dated January 2, 2024. The statement was released Tuesday night. President Akufo-Addo has subsequently appointed KPMG […]
GRA summons companies over VAT breaches
A swoop by the Ghana Revenue Authority (GRA) Accra South Compliance and Enforcement Team and the police has led to the arrest of a woman behind the operation of a chain of supermarkets and a warehouse in the Teshie area for Value Added Tax (VAT) infractions. The task forces have also summoned the owner of […]
GRA goes after more businesses – Over tax non-compliance
The Ghana Revenue Authority (GRA) has said it has identified a number of businesses that are violating the tax law through its ongoing VAT enforcement exercise in the Greater Accra Region. Through the VAT enforcement exercise, the taskforce found out that many businesses had not registered with the authority, while those that had registered were […]
Customs uncovers falsification of documents by shipping companies, agents
The Customs Division of the Ghana Revenue Authority has uncovered activities of two shipping companies and clearing agents involved in an alleged falsification of information on trade documents to evade payment of taxes. The clearing agents are said to have connived with the shipping lines to falsify information on their manifests and bills of lading, […]
All betting, lottery wins to attract 10% tax from August 15, 2023
Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023. This means that gross winnings from all betting, gaming, lotto and other games of chance will be subjected to a 10 per cent withholding tax which will be considered as a final […]
Non-VAT registered importers to pay 12.5% upfront
The Ghana Revenue Authority (GRA) will start the imposition of an upfront 12.5 per cent Value Added Tax (VAT) on the customs value of taxable goods at all ports of entry with effect from Tuesday, June 6, this year. The development will affect importers of taxable goods who are not registered to charge VAT. It […]
GRA closes 2 Chinese businesses, arrests 6 managers
Six business operators, including two Chinese, have been arrested in Accra for failing to issue Value Added Tax (VAT) invoices to customers. Although the identities of the arrested persons were not disclosed, their businesses were given as Computer Land Ghana Limited, dealers in computers and accessories, and Hiang Vegetables and Fruits Chinese Supermarket, both at […]