The Ghana Revenue Authority has stated that some shops are refusing to comply with its new directive to use the Electronic VAT system because it would expose them.
The Accra Area Enforcement Manager at the Ghana Revenue Authority, Joseph Annan, stated that the E-VAT system allows the authority to carefully monitor the revenue of these shops.
However, to evade taxes or underpay, the shops do not want to comply with the system.
“It exposes them because what you sell will definitely hit our system so that you will be doing your thing in the shop, but we can be monitored electronically. And as you know, many of them don’t declare all their sales so the electronic VAT system will help us get the right taxes from them,” he told myjoyonline.com when his team closed down China Mall on October 10, 2022.
The Electronic VAT system was launched on October 1, 2022, by the Ghana Revenue Authority as a means to ensure tax compliance and block revenue loopholes.
However, the GRA has noted that some shops do not want to comply with the new development even after a week of its launch.
“We shall not rest until the right thing is done, because as I always say, we don’t feel comfortable going around closing shops and doing all these operations. But the citizens have paid us to work and so we shall ensure that the right thing is done,” Joseph Annan stated.
CLICK HERE TO DOWNLOAD PRESS RADIO MOBILE APP
The Ghana Revenue Authority has closed down all branches of China Mall after it failed to adopt the usage of the E-VAT system.
Source: www.ghanaweb.com
