GRA misses the goal of turnover for 2018 | General news



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The Ghana Revenue Authority (GRA) missed its 2018 turnover target of 39,802.27 billion GH, out of 2171.73 GH, or -5.5%.

The authority planned to collect GHG 23,588.41 billion in internal taxes, but recorded GHG 24,438.75, ie a surplus of 850.35 million GH, or 3.5%.

The customs division also reached a target of 16,213.86 billion GH, but made a profit of 13,191.07 billion GH, a difference of 3,022.07 billion GH, or -18.6 %.

The Commissioner General of the GRA, Emmanuel Kofi Nti, said that the internal tax registered a positive difference due to an increase in compliance resulting from the continuous monitoring of taxpayers.

Mr. Nti explained that efforts were being made to recover defaulters' taxes.

Although the withholding tax helped improve performance, Nti revealed that the expected implementation of the electronic point of sale (ePoS) could not be realized.

He claimed that the beverage industry had resisted the implementation of the policy on excise tax stamps in order to resolve problems amicably.

Regarding import duties and taxes, he said that the increase of goods imported into the economy through the suspense regimes and the impact of duty-free products had a negative impact on the results of the tax.

Revenue target for 2019

On the national budget, the GRA was charged with achieving a tax revenue target of 45,447.26 billion GH for this year.

Speaking about the government's vision "Beyond aid", the Commissioner General said that discussions were under way to revise the objective upward.

Thus, the GRA would mobilize all its efforts to improve considerably its collection for the year.

"Even in 2018, when we had to face considerable challenges, we were able to achieve 16.4% growth compared to the 2017 collection."

He revealed that the GRA would intensify its activities to identify and repair lost revenues.

"Hopefully the implementation of the Electronic Point of Sale (ePoS) device throughout the year will help address the shortcomings of VAT collection and the full implementation of the tax stamp policy. excise, the major players in the sector being on board after the expiry of the deadline. gave them to install hardware fasteners. "

He further referred to efforts to expand the tax identification number (TIN) system, as a precondition for carrying out operations by the identified public bodies, as well as Regular and consistent visits by GRA staff to the business centers. "

These, he added, would be supplemented by NABCO graduates to allow potential taxpayers to meet again.

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