In order to enforce tax compliance, the Ghana Revenue Authority (GRA) has made it clear that it only freezes the bank accounts of noncompliant taxpayers once they have been assessed for unpaid tax debts.
The statement comes after social media reports claimed that Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd., had his accounts frozen by the Authority.
The GRA claims to use a systematic procedure when determining taxpayers’ incomes in a statement released by its Communication and Public Affairs Department.
This entails asking people and companies to freely disclose their income. An evaluation is made using the financial information at hand if they don’t comply with the deadline. Only after a taxpayer has been properly informed and continues to refuse to comply can enforcement actions, such as freezing bank accounts, pursued.
Although an income tax assessment has been made in Mr. Quaye’s case, the GRA acknowledged that no enforcement actions, such as seizing his bank accounts, have been taken.
The Authority advised people not to believe everything they read on social media.
The GRA reaffirmed its dedication to equitable and open tax administration and urged all taxpayers to voluntarily fulfill their tax responsibilities in order to prevent fines, interest, and other penalties. It reassured the public that it would operate with honesty, equity, promptness, service, and cooperation.
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The Ghana Revenue Authority disputes allegations that Richard Quaye’s bank accounts were frozen.
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