Ghana Revenue Authority fails to meet the Tax Amnesty Policy target of GHC500 million

The Ghana Revenue Authority (GRA) did not meet its 2018 Tax Amnesty Policy target of GHS500 million.

Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi Nti

The Tax Amnesty Policy was introduced to encourage the taxable citizens who had not paid taxes or under-declared their income, to voluntarily pay.

The Commissioner General Emmanuel Kofi Nti said the GRA was able to recoup GHC287 million from the Policy which ended in September 2018.

The GRA had projected to recoup between GHC300 million and GHC500 million from the policy it introduced.

However, the GRA said they were disappointed that most taxpayers did not take advantage of that period to honour their tax obligation.

“We have gone past that stage and we are currently at the enforcement stage. We will now apply sanctions to collect all the money due the state,” Emmanuel Kofi Nti said.

“We are going all out this time and we will enforce the law, so those who are cheating the system will be brought to book,” he warned.

The introduction of the Tax Amnesty policy formed part of efforts by the GRA to increase domestic revenue.

Our newsletter gives you access to a curated selection of the most important stories daily.

Welcome to the Pulse Community! We will now be sending you a daily newsletter on news, entertainment and more. Also join us across all of our other channels - we love to be connected!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job