Home / BUSINESS NEWS / Finance / Ghana Revenue Authority shuts 6 businesses, 2 Chinese managers busted

Ghana Revenue Authority shuts 6 businesses, 2 Chinese managers busted

Officials of the Ghana Revenue Authority (GRA) have arrested two Chinese, and shut down six businesses in Accra for failing to issue Value Added Tax (VAT) invoices to customers.

The affected companies are: Computer Land Ghana Limited, dealers in computers and accessories, and Hiang Vegetables and Fruits Chinese Supermarket, both at Osu.

Emelijo Enterprise, a shop that sells disposables at La Wireless; U-Fresh Company Limited, a beverage manufacturing company owned by some Chinese, and Sulas Enterprise, dealers in power generating sets and construction machinery.

The last company is Mahalia Kollection, a clothing shop at Spintex.

These companies are part of some 93 businesses out of 115 found not to be issuing VAT invoices to customers.

The illegalities were discovered through undercover investigations known as mystery shopping or text purchase.

Businesses registered for VAT are to issue the VAT invoice at all times as required by law to avoid facing sanctions and prosecution.

Source: classfmonline.com

About admin

Check Also

Brent crude price jumps to $94 as oil market rallies

Brent price jumped to $94 per barrel as the oil market rallied further on Friday …

My salary was less than GH¢2.5K after working 9 years in a big bank – Ghanaian student in UK recounts

It is no news that Ghana’s inflation rates keep getting higher and higher causing the …

MTN Ghana pays dividend of GH¢34,581,713.52 to SSNIT

MTN Ghana has presented a cheque for GH¢34,581,713.52 for the 2022 and 2023 interim dividend …

WP Twitter Auto Publish Powered By : XYZScripts.com