Expatriates are flouting Ghana’s tax laws – GRA

0
GRA
GRA

The Ghana Revenue Authority (GRA) has warned it will sanction expatriates who fail to file their tax returns.

According to the GRA, majority of expatriates are flouting the tax returns rules leading to loss of revenue.

The GRA has for some time now warned various firms against failing to comply with tax obligations.

Earlier, it warned that suppliers of mining equipment in Ghana who default in filing tax returns risk prosecution if they fail to reconcile with their outfit.

The move forms part of plans by the GRA to clamp down on defaulting taxpayers this year.

Speaking at the sidelines of a breakfast meeting organized by Ernst and Young in Accra, Chief Revenue Officer at the Large Tax Payer Office of the GRA Dominic Naab assured the GRA will deal ruthlessly with expatriates who fail to file their tax returns.

“Taxation is governed by law and whatever income that is accrued from Ghana will have to be subject to tax in Ghana. In the past, we entered into some agreements that actually exempted them from tax”

Mr. Naab explained that the tax exemption was up to a period for contractors and sub-contractors in the oil and gas industry in 2015 September.

He, however, stated that the law has been changed to improve revenue generation for the country.

“It has been reversed so as we speak now the position of the law has changed. Now we are saying that unless or until it is stated clearly that you are exempted from tax, you will surely have to pay your taxes in Ghana” he said.

Send your news stories to newsghana101@gmail.com and via WhatsApp on +233 244244807
Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here