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Government To Enforce Tax Compliance Measures – Finance Minister   
 
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23-Nov-2018  
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Government will enforce tax compliance measures to enable it to achieve revenue targets for 2019, the Minister of Finance, Mr Ken Ofori-Atta, has assured.

Speaking at a budget forum organised by Pwc Ghana, an accounting, tax and audit consultancy firm, Mr Ofori-Atta said all efforts would be made to enforce the measures to ensure that individuals and businesses fulfilled their tax obligations to the State.

Government has set a target of GH¢58.9 billion in the 2019 budget, which is about 25.9 per cent higher than the GH¢46.8 billion estimated in the 2018 budget, to meet its social and development obligations.

“Companies and individuals must pay their taxes so we want them to pay. They should not wait for us to come at them before they pay. It is an obligation they must fulfil and we will not relent in ensuring that they do what is expected of them,” he said.

Mr Ofori-Atta said the Ghana Revenue Authority (GRA) would be working very actively with the Auditor General and the Special Prosecutor to enforce compliance.

Mr Ofori-Atta said enforcing tax compliance alone would help the government achieve its domestic revenue estimates of GH¢57.8 billion.

Of the amount, non-oil tax revenue was expected to rake in about GH¢42.9 billion, reflecting the impact of expected improvement in tax compliance and reforms in revenue administration.
 
 
Source: GNA
 
 

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