22
Sat, Sep

GRA GETS TOUGH ON TAX EVADERS

Business & Economy

The Commissioner-General of the Ghana Revenue Authority, Emmanuel Kofi Nti, has cautioned that the authority will pursue tax defaulters, with the expiration of the Tax Amnesty on August 31, 2018.

The Commissioner-General of the Ghana Revenue Authority, Emmanuel Kofi Nti, has cautioned that the authority will pursue tax defaulters, with the expiration of the Tax Amnesty on August 31, 2018.

 

"The days of impunity about non-compliance with the laws are over. GRA will henceforth go after evaders with the full application of the tax laws, especially with the grace period granted through the tax amnesty,” he said.

Mr Kofi Nti said this on Wednesday in an interaction with the media.

According to him, GRA has set up a benchmark with two years as a stipulated period to improve on revenue generation for the development of the country.

He revealed that, last year, GRA set a revenue target of GHC 24.46 billion; but the organization was able to collect GHC 22.60 billion, resulting in a shortfall of GHC 1.8 billion.

He however added that he would ensure that there was an improvement in revenue generation in Ghana, moving forward.

"I believe that this vision must be shared with the public because the public is the ultimate beneficiary of the revenue we mobilise. It is therefore important they buy into this vision,” he told the media.

Mr Nti mentioned that as at August 2018, Customs had registered a negative deviation of GHC 1,700.82 million (-18.4%) while that for Domestic Tax Revenue Division had an overall negative deviation of GHC83.79 (-0.59%.)

The GRA boss emphasised that this negative picture must be reversed in the months ahead.

“We are aiming at a better performance this year,” he reiterated.

As part of the efforts to reverse the situation, Mr Kofi Nti said, GRA had invited international consultants, the McKinsey Group, to help put in place the three pillars in the initiatives.

The initiatives, he said, is to first change GRA's systems to make it comparable to the best in revenue administration in the world through simplifying processes and introducing innovation.

The second is to invest heavily in training the staff of GRA to build their skills and also to help build a mindset of constant improvement through sourcing for ideas to change and improve GRA.

The Commissioner-General is hopeful that the group's engagement would improve professionalism and change management process in GRA.

He assured the public that the authority was going to bite and not going to be business as usual as far as tax collection was concerned.

He expressed GRA's appreciation to the media for drumming home some of the policies it introduced during the year, such as the excise tax stamp.

Others included restructuring of VAT by delinking the National Health Insurance Levy (NHIL) and the Ghana Educational Trust Fund (GETFund) levy from VAT, as enacted into law, as well as the Taxpayer Identification Number (TIN), Cargo Tracking Note (CTN), and the creation of an additional personal income tax band.

Follow Us