Thu. Mar 23rd, 2023

The Kasoa and Achimota branch managers of the popular retail shop Melcom were arrested by the Ghana Revenue Authority’s revenue protection taskforce for failing to issue VAT invoices on some items sold to customers.

They were apprehended on February 1st.
Their arrest brings the total number of shop managers arrested by the Ghana Revenue Authority’s compliance unit to nine on the third day of the operation to nine (GRA).

In order to track taxes paid on goods purchased, the GRA implemented the Electronic VAT Invoicing system in 2022.

With the current VAT rate of around 25%, some shops have adopted schemes to avoid the system in order to maintain a low price rate in order to attract customers.

According to the GRA, store managers have devised a clever method of routing purchases through systems other than the customs-approved system.

According to the GRA, the suspected shop managers will be arraigned after their statements are taken.

The Ghana Revenue Authority arrested and detained the managers of the East Legon branch of Max Mart shopping center, the Community 25 branch of Palace shopping mall, and the Second Cup Coffee shop in Dzorwulu on Tuesday for noncompliance with tax laws and bypassing the Electronic VAT Invoicing system.

Two foreigners and one Ghanaian make up the three managers.

According to GRA, the respective mall managers purposefully cheated the Electronic VAT Invoicing system by recording multiple sales of items under one unit.

Source: citinewsroom


By Playhaus

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