According to social media claims, the Ghana Revenue Authority (GRA) has denied that it has frozen the bank accounts of Bills Micro Credit Ltd. founder Richard Nii Armah Quaye.
Although the Authority acknowledged that a personal income tax assessment had been made against him, it made it clear that no enforcement measures, such as account blocking, had been implemented.
The GRA emphasized that it uses a systematic procedure for tax assessment and collection in a statement released by its Communication and Public Affairs Department.
Taxpayers are asked to voluntarily declare their incomes at the start of the procedure. The Authority then makes an assessment based on the financial information that is available if they don’t comply within the allotted time. Only when a taxpayer refuses to cooperate after being informed of the assessment are enforcement actions, including freezing bank accounts, used.
Although an assessment on Mr. Quaye’s income taxes has been issued, the GRA verified that no enforcement action has been taken against him.
The Authority advised the public not to believe everything they read on social media.
In order to prevent fines, interest fees, and other legal repercussions, the GRA also urged all qualified taxpayers to voluntarily reveal their incomes and pay their taxes.
In all of its interactions with taxpayers and the general public, it emphasized its dedication to preserving its basic values of honesty, equity, responsiveness, service, and teamwork.
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