The Ghana Revenue Authority (GRA) has threatened to clamp down on all companies, institutions, and shops evading tax under the Electronic VAT system.
According to the Accra Area Enforcement Manager of the GRA, Joseph Annan, many companies in the country have refused to use the VAT.
This development comes after the Authority in a special operation on Monday, October 11, 2022, closed down several outlets of China Mall for failing to issue electronic VAT invoices.
Speaking to Joy Business monitored by Angelonline.com, after the operation, Joseph Annan, indicated the GRA will leave no stone unturned to ensure the new electronic VAT system becomes successful.
“It exposes them because what you sell will definitely hit our system so that you will be doing your thing in the shop, but we can be monitoring electronically. And as you know many of them don’t declare all their sales so the electronic VAT system will help us get the right taxes from them.
“We shall not rest until the right is done because as always say, we don’t feel comfortable going round closing shops and doing all these operations. But the citizens have paid us to work and so shall ensure that the right thing is done,” he cautioned.
He intimated, however, that many feared to be exposed, as the right tax will be collected.
Meanwhile, the China Mall and other shopping centres remain closed until they adhere to the directives of integrating their collection database with the electronic VAT system as provided by the Ghana Revenue Authority.
