China Mall in the news again as its Spintex branch manager has been picked up by the Police and officials of the Ghana Revenue Authority (GRA) for failing to pay taxes.
This happened in a joint-task-force activity organized by GRA which saw officers and the Police enforcing payment of taxes by all businesses in the capital Accra and across the country.
The manager of Sneda Mall on the Spintex Road was also picked up by the taskforce and the police for same offence.
Revenue leakages have been a major problem for the authority as government intends to block all revenue leakages and help raise substantial amounts for developmental project and as part of boosting Ghana’s fiscal situation.
In the quest of ensuring this is done, the Ghana Revenue Authority (GRA) has cautioned all businesses in the country to desist from evading taxes and honour their tax obligations to prevent being closed down.
A similar event happened last year in October where a couple of malls and shopping centres were locked up for failing to comply with the newly introduced Ghana’s Electronic VAT system.
The authority has mentioned that several taxpayers have not done their due diligence by filing their returns through the authority’s certified invoicing system which in violation of the country’s laws and regulations and adversely affects the government’s effort in revenue generation.
Some Ghanaians have slammed business owners especially big malls and shops of not complying with the country’s laws regarding taxation despite making huge sums from the business’ operations.
The Ghanaian economy is hugely dependent on the foreign businesses for employment and taxes remain the major source of funding for developmental projects in the country. Failure in its payment is a big blow to government.