Ghana Revenue Authority, (GRA), says it is expecting to rake in over GH₵300 million from the ongoing tax amnesty policy by the government.
According to the Commissioner General of GRA, Emmanuel Kofi Nti, the GRA is taking the necessary measures to ensure that the intended purpose of the policy is achieved.
“If this goes on well with us, we project that we should be able to get not less than GH₵300million to GH₵500million from this proceeds,” Mr Kofi Nti said.
He made the disclosure when he addressed journalists on the guidelines for the policy.
Sanctions
Mr Kofi Nti said, “This is the last time GRA and for that matter, the government is offering a tax amnesty for defaulting businesses and persons. I, therefore, call on all persons earning income who have defaulted in the previously registered with GRA to take advantage of the amnesty, come clean and regularize their tax affairs.”
He said, “Let me emphasise and please note that GRA has the capacity to identify all potential taxpayers. I wish to say that being outside the radar is not an option because GRA will vigorously pursue all tax defaulters including prosecuting them after the expiration of the amnesty period that is, 30th September 2018. Thereafter, GRA will apply all the sanctions under the law.”
He announced some package for informants who will give out information on potential tax defaulters.
Launched last year, the Tax Amnesty Policy is an initiative by the GRA to get all defaulting individuals and companies to file their tax without a penalty.
The Ghana Revenue Act gives an opportunity for the state to grant a tax amnesty to citizens and businesses as and when it becomes necessary.
Credit: Deloitte Ghana
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