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Company News of Tuesday, February 5, 2019
Source: citinewsroom.com
2019-02-05
The tax amnesty lasted from February to September 2018
It appeared that the Ghana Revenue Authority (GRA) had failed to enforce its tax amnesty policy aimed at forcing taxpayers to clear all arrears.
The policy, introduced in 2018, became apparent after the Authority failed to meet its target for the previous year.
But the GRA claims that it will prosecute all the people on this site and follow the recipes appropriately.
The tax amnesty lasted from February to September 2018 and was intended to allow taxpayers whose taxes are late to pay their debts without any penalty.
The GRA would not easily show how many companies or individuals were affected or what its expected turnover is.
However, in badessing the consequences, an advisor to the Commissioner General, Henry Yentumi, told Citi Business News that the exercise had not come to fruition as planned.
"It was not as successful as we had originally hoped. At the end of the period, we are still calculating the numbers. But the general response was not as positive as the court would have hoped. But we are continuing the whole process of tax compliance, "Yentumi said.
Yentumi said the GRA was failing to meet its revenue target for 2018 and was considering possible increases in 2019.
"We are now able to not just persuade, but we are going to sue the perpetrators of tax crimes this year, including those who have not benefited from the tax amnesty. We would not be able to say how much do not pay, but if we use the NIF for non-compliance, we will sue, "he said.
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