GRA educates taxpayers to honour tax obligations

Takoradi (W/R), July
22, GNA – The Ghana Revenue Authority (GRA) has appealed to all stakeholders in
the tax administration bracket to honour their tax obligations for an
accelerated economic development.

It says with the
introduction of the three per cent VAT Flat Rate Scheme (VFRS) and the 17.5 per
cent Value Added Tax, it would continue to broaden the horizon of the taxpayer
on tax administration.

Mr Robert Nelson, the
Acting Head of the GRA, at the Medium Tax Office of the Western Region, said
this at a seminar for a cross-section of importers, retailers and wholesalers
in Takoradi.

The seminar sought to
educate the participants in the tax regime to be abreast of issues concerning
the migration of taxpayers onto the VFRS of three per cent from the Standard
Rate Scheme of 17.5 per cent and the number of tax returns they have to file
after sales.

Mr Nelson said it was
necessary to get closer to the taxpaying public to explain all outstanding
issues which remained unclear in the minds of stakeholders in their resolve to
widen the tax net.

Mr Ebenezer Nyarko, a
Medium Tax Officer, who spoke on the three per cent VFRS, said it was
introduced in 2007 for retailers and importers but its implementation date was
July 1, 2017 for wholesalers who were not covered initially with a marginal
rate of three per cent charge on the value of goods supplied.

He said those who were
not allowed to charge the three per cent were manufacturers, service providers,
retailers and wholesalers of power, heat and ventilation among others.

Mr Nyarko said
government was monitoring prices of goods and services to find out how the
system would be and subject the new tax regime to reforms to mitigate cost of goods
and services.

Mr A. Nketiah, a
Revenue Officer, making a presentation on the Revenue Administration Act of
2016, said it encouraged the participants to endeavour to pay taxes promptly to
avoid paying interests.

He said failure to
file tax returns attracted a penalty of 500 currency points, and failure to pay
would result in prosecution.

Mr Nketiah warned the
public to refrain from attacking tax officers in the course of duty as monies
collected were for national development.

He reminded taxpayers
to visit the GRA client service desk to have their issues discussed rather than
to attack revenue officers.


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