Ghana's Trading Hub News

Ghana recovers millions in clamp down on tax evaders

The Ghana Revenue Authority has recovered over GHS107 million ($28 million) from tax evaders in a nationwide clamp down conducted by a special task force, an official told Anadolu Agency on Monday.

The 40-man special revenue mobilization task force was set up in August this year by Ghana's Commissioner General with an aim to strengthen the revenue collection regime.

"We have so far recovered GHS 107.257 million from 2,407 taxpayers nationwide," Theophilus Gaskin, chief revenue officer at Ghana's Revenue Authority who is the director of the task force said in an interview.

"The amount covers only on the spot collection from recalcitrant tax payers whose businesses were visited by the task force," he added.

The operation targets recovering GHS120 million ($31 million) by Dec. 31, when the task force will be dissolved.

"The way the operation is going, we can exceed the target by December, " Gaskin projected.

The operation has led to the registration of new businesses for taxes and the re-registration of existing businesses in order to enroll them on to the national tax regime. 

The official told Anadolu Agency that the task force will also focus on the shadow economy, or informal companies that do not pay taxes.

"These include night operation businesses such as nightclubs, pubs, casinos, gaming centers and restaurants. These businesses operate outside our office hours so the task force has to go out at night to register them and demand the required tax", Gaskin explained.

"One recalcitrant taxpayer in the Ashanti Region has been arrested and will be prosecuted for owing GHS 5000 ($1,313) in tax."

Other arrested tax evaders have been released upon settlement of their debts to the revenue authority. 

The official said other recalcitrant taxpayers will be “named and shamed” in the newspapers to deter others.


Source: http://www.turkishweekly.net/2015/12/07/news/ghana-recovers-millions-in-clamp-down-on-tax-evaders/ 

Comments

Got something to say? Join the discussion »

leave a reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail

News Subscription

Get the latest updates in your email box automatically.

Search

Archive

Meta

s