Gra Schooled Stakeholders On Import And Export Duties

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The Upper East Regional Sector Commander of the Customs Division of the Ghana Revenue Authority, GRA, Francis Tonlongo, says there are many benefits to taxpayers when tax returns are done on time. He said this helps taxpayers to avoid the payment of various degrees of penalties from the authority.

Mr. Tonlongo was speaking at a day’s tax education forum organized by the GRA for stakeholders in Bolgatanga.

He said filing of tax returns is mandatory and it helps to broaden the tax net, reduces tax compliance and help GRA to update its records on taxpayers.

Mr. Tolongo added that if a taxpayer fails to issue a Value Added Tax, VAT, invoice, they are fined 100 penalty units or six months prison term or both.

He said any taxpayer who files its tax on time will have the opportunity to access its tax review and also speeds up taxpayer’s application for tax refund from the Authority.

The forum which was on the theme; “Taxation; Key to Ghana’s Economic Growth” was to encourage voluntary compliance with tax payment.

It was also aimed at updating taxpayer’s knowledge concerning the current trends in tax administration in the country.

Issues discussed at the forum include registration or re-registration, import and export procedures, vehicle importation, sanctions under the Custom Act and warehousing among others.

Mr. Tonlongo advised the general public particularly importers and exporters to follow laid-down procedures on imports and exports to avoid failing foul to the country’s tax laws, and their concomitant sanctions and penalties.

In an interview, the Upper East Regional Focal Person of the Customs Division of the Ghana Revenue Authority, (GRA), Samuel Arthur, urged the media in the region to engage in tax reporting to educate the populace about their civic rights and obligations particularly on issues related to taxation to improve tax compliance.

The Authority, therefore, called on businesses to re-register as taxpayers to enable the Authority capture credible data to enhance revenue administration.

Source:Ghana/myxyzonline.com/93.1MHz