National Tax Campaign launched in Kumasi
| Updated Nov 22, 2017 at 8:53pm
The Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi Nti, has disclosed that any whistle blower who exposes an individual or entity that evades tax will be rewarded with 25% of any amount the Authority will generate in penalties from such fraudulent individuals or companies.
According to Mr. Nti, the reward system is to ensure that more businesses and individuals comply with their tax obligations.
Mr. Kofi Nti was speaking in Kumasi at the Ashanti Regional launch of the National Tax Campaign.
The National Tax Campaign is an initiative of the GRA in collaboration with the National Commission on Civic Education, NCCE and the Information Services Department and supported by foreign development agencies.
The Commissioner-General identified Accra and Kumasi as the commercial hubs of Ghana with the potential to contribute substantial revenue through tax payment to the Consolidated Fund.
Mr. Nti however noted with regret that despite the vibrant and brisk economic activities across the country, tax revenue generated have been woefully inadequate.
He blamed the situation on factors such as the reluctance of businesses and traders to honour their tax mandate.
He emphasized that government can only achieve its goals of socio-economic development if citizens pay their taxes.
The Commissioner of Domestic Tax Revenue of the GRA, Kwasi Gyimah-Asante, urged citizens to honestly declare their taxes to the state.
During an open forum, participants, who represented various trader associations in the Ashanti region, made some suggestions to be considered by the GRA to elicit voluntary tax payment.
Among these were a review of the three per cent VAT rate, widening of the tax net and an honest assessment of the tax liability of businesses.