VAT Enforcement Taskforce arrests five business operators over tax evasions

The Ghana Revenue Au­thority (GRA) has com­menced a late night Value Added Tax (VAT) enforce­ment exercise to enhance VAT compliance.

“We have commenced night market compliant checks. Most of the businesses that operate within that period do not report sales, hence the state is losing out on the taxes to be collected. The taskforce is on the ground to rectify this,” Assistant Commissioner Joseph Annan, Manager of the Accra Central Area Enforcement Unit of the Ghana Revenue Authority (GRA), said.

He was speaking in Accra on Friday when the VAT Enforcement Taskforce of the Authority arrested five business opera­tors for various tax infractions.

Operators of Aqua Scape Limited, 69 Bridge Enterprise and Aqua Profesisonals, all at East Legon in Accra were arrested for issuing their own invoices while Dork­ley Company Limited and Rozzy’s Col­lection, also both at East Legon had not registered for VAT. Assistant Commission­er Annan said the actions of the operators, he said, was in violation of section 41 of the VAT Act which mandates a registered business to issue VAT invoice at all time.

He noted that the operators would have their statement taken by officers of the Criminal Investigation Department (CID) of the Ghana Police Service bef

 BY CLAUDE NYARKO ADAMS

The post VAT Enforcement Taskforce arrests five business operators over tax evasions appeared first on Ghanaian Times.

Read Full Story