The Ghana Revenue Authority (GRA) has adopted a strict approach to tax offences, imposing extreme penalties to make sure compliance.
One of many newest circumstances includes the continued investigation into billionaire businessman Richard Nii-Armah Quaye over a GH₵30 million tax liability, highlighting the authority’s dedication to cracking down on defaulters.
The Income Administration Act, 2016, outlines varied tax offences together with their corresponding penalties, which can embody curiosity costs, fines, and prosecution. These penalties fall into two predominant classes:
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From failing to take care of correct tax data to creating false declarations or obstructing tax administration, offenders face extreme penalties, together with hefty fines, asset forfeiture, and imprisonment.
Under is an in depth breakdown of the penalties imposed for varied tax-related offences in Ghana.
GRA’s Penalties For Tax Offences
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|
Offence |
Penalty |
|
Failing to Keep Correct Data |
Deliberate failure: 75% of the tax due. Different circumstances: Lesser of 75% of the tax due or 250 foreign money factors. |
|
Failing to File a Tax Return
|
500 foreign money factors plus 10 foreign money factors per day of delay. |
|
Failing to File a Communications Service Tax Return |
2,000 foreign money factors plus 500 foreign money factors per day of delay. |
|
Failure to Submit Tax Return (4 Months After Penalty) |
The Commissioner-Normal could prosecute to implement submission. |
|
Making False or Deceptive Statements to a Tax Officer |
With out affordable excuse: 100% of the tax shortfall. Different circumstances: 30% of the tax shortfall. If undetected underpayment exceeds 50 foreign money factors: 25–200 penalty items or 3 months–2 years imprisonment, or each. Different circumstances: 5–50 penalty items or 1–3 months imprisonment, or each. |
|
Unauthorised Try and Gather Tax |
Knowingly or recklessly: 200% of the quantity collected. Different circumstances: Full quantity collected. |
|
Aiding and Abetting Tax Offences |
Liable to pay 100% of the tax shortfall. |
|
Failing to Adjust to a Tax Legislation |
Advantageous: 1,000–2,500 penalty items or 2–5 years imprisonment, or each. |
|
Failing to Register for Tax |
Pay due tax plus a superb of both twice the tax quantity or 1,000 penalty items (whichever is increased). The Commissioner-Normal could forfeit items/supplies used within the enterprise. |
|
Failing to Pay Tax by Due Dates |
If quantity exceeds 2,000 foreign money factors: 200–1,000 penalty items or 3 months–1 12 months imprisonment, or each. Different circumstances: 50–100 penalty items or 1–3 months imprisonment, or each. |
|
Impeding Tax Administration |
If includes fraud/pressure: Twice the evaded quantity or 200 penalty items, or 2–4 years imprisonment, or each. Different circumstances: 10–200 penalty items or 3 months–2 years imprisonment, or each. |
|
Inflicting Hurt to a Tax Officer |
As much as 20 years imprisonment upon conviction. |
