• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201309

GRA Closes Cold Stores For Non-payment of Taxes

16-Sep-2013
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Ghana Revenue Authority (GRA) has closed down two industrial cold stores at the Tema Fishing Harbour for evading taxes amounting to GH¢2,890,392 in the last five years.

The two cold stores, Adom Mbroso Cold Stores Limited and Paradise Fisheries Limited, owe the state GH¢2,O53, 822.58 and GH¢836,569.50 respectively.

The exercise was jointly undertaken by a team from the Compliance Enforcement Debt Management Unit of the GRA in Accra and the police.

The Principal Revenue Officer, Mr Gershon Akpabli, who led the team, said both companies defaulted in the payment of tax and that all efforts made since 2008 to recover the debt had proved futile.

He also said the GRA had on numerous occasions sent demand notices and reminders, made phone calls, dialogued with the management of the companies and served them with warnings.

He stressed that “the only alternative left for us to retrieve the money is through distress action”. That, he said, included the seizure of the properties of a business, or complete closure of the premises until full payment of the debt was made.

Mr Akpabli noted that the amount included the cost and incidental charges to the distress and indicated that in accordance with Sections 241 and 279(6) of the Customs, Excise and Preventive Service (Management) Law, 1993 (PNDCL 330), the property might be sold if the amount due in respect of the tax, interest or penalties were not paid within 21 days of the distress.

In an earlier briefing, the Assistant Commissioner at the Debt Management & Compliance Enforcement Unit of the GRA, Mr Maxwell Tsatsu, urged the general public to comply with the tax law. He advised all taxpayers who owed the authority to make efforts to pay or make the necessary arrangements to offset their indebtedness to the GRA, adding that recalcitrant taxpayers would be arraigned.

Mr Tsatsu cautioned taxpayers against issuing non-official receipts to their customers. He also advised withholding agents who held monies on behalf of the government, in terms of payee, rent income, or holding tax on goods on services, to pay on time to avoid penalties.

The Assistant Commissioner noted that the government, through the GRA, would always ensure that service providers did not rob the state of revenue, which he said was critical in the socio-economic development of the nation.

Source: Daily Graphic

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Government Moves To Broaden Tax Base

Next Post

Nduom Urges Dialogue On Fishing Harbour Project

 
 

More Stories

Agric Minister Woos Rice Investors In Thailand To Ghana
KFC In Good Standing With ECG - Management Assures Customers
CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday
Vodafone Cash And Mobile Money Limited Partner To Enable Merchant Interoperability
MobileMoney Limited And Vodafone Ghana Partner To Enable Merchant Interoperability
Huawei’s FinTech 2.0 To Support Ghana’s Mobile Money, Deepen Financial Inclusion
Vodafone Cash Leads The Charge For Digital Financial Inclusion In Ghana
Ghana's Debt Forgiveness Request From China Unlikely To Succeed - Isaac Adongo
UMB Celebrates BOST Revival At Customer Recognition Event
Next Post

Nduom Urges Dialogue On Fishing Harbour Project

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Agric Minister Woos Rice Investors In Thailand To Ghana

  • KFC In Good Standing With ECG - Management Assures Customers

  • CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday

  • Vodafone Cash And Mobile Money Limited Partner To Enable Merchant Interoperability

  • MobileMoney Limited And Vodafone Ghana Partner To Enable Merchant Interoperability

  • Huawei’s FinTech 2.0 To Support Ghana’s Mobile Money, Deepen Financial Inclusion

  • Vodafone Cash Leads The Charge For Digital Financial Inclusion In Ghana

  • Ghana's Debt Forgiveness Request From China Unlikely To Succeed - Isaac Adongo

  • UMB Celebrates BOST Revival At Customer Recognition Event

  • Vehicle Components Manufacturers Explore Avenues In Ghana

 

 
 

Popular Videos

Kokrokoo Live On Peace 104.3 FM (20/03/2023)

Akan News @ 6am On Peace 104.3 FM (19/3/2023)

Peace Power Sports (20/03/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (21/03/2023)

Akan News @ Midday On Peace 104.3 FM (21/03/2023)

Kokrokoo Live On Peace 104.3 FM (22/03/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media