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Over 6,500 companies, businesses and individuals owe GH¢111m in taxes – A-G’s Report

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Over 6,500 companies, businesses and individuals owe GH¢111m in taxes – A-G’s Report
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The Auditor-General’s Report for 2021 has disclosed that 13,721 selected tax files from 21 Domestic Tax Revenue Offices of the Ghana Revenue Authority (GRA) in the Greater Accra Region showed that, 6,856 companies, business entities and individuals owed an amount of GH¢111,652,263.00 in corporate and individual income taxes for 2019, 2020 and 2021 years of assessment.

The breakdown is shown below:

Meanwhile, Section 71 of the Revenue Administration Act, 2016 (Act 915) states that, a person who fails to pay tax by the date on which the tax is payable is liable to pay interest for each month or part of the month for which any part of the tax is outstanding.

Additionally, Section 80 of Act 915 mandates the Commissioner-General to recover any unpaid tax by pursuing the matter in court.

The A-G in its report urged the Commissioner to increase its enforcement role to collect all the outstanding tax revenue.

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