The Commissioner General of the Ghana Revenue Authority (GRA), Rev. Ammishaddai Owusu-Amoah, has strongly stated that the authority will use all legal means, including liquidation of companies to compel tax payers to be compliant.
According to him, the GRA has the power to begin the processes for the liquidation of companies in tax default and unable to pay for a long period.
“Whatever compliance measures available in the law, GRA is ready to implement it to the latter. But we also want Ghanaians to know that we’re not in to collapse their companies”.
“However we will do whatever necessary. Nobody should think they’re too big or too small to comply” he warned”. Rev. Owusu-Amoah was speaking to Joy Business after the decision to liquidate United Steel Company to offset the company’s tax liabilities.
United Steel Company was sold to B5 Plus after the company was pronounced to be in financial distress of ¢149 million and owed principal tax liability which includes over ¢400 million in addition to penalties.
Rev. Owusu-Amoah warned that no company is too big to be liquidated when the need arises. The Commissioner General disclosed that there are many companies on the radar of liquidation.
He advised companies that have been shut down for tax default to take the necessary steps to clear tax arrears.
Source: Ebenezer Sabutey