Managers of two printing companies arrested over fake tax clearance certificates

Officials of two printing companies in Accra have been arrested for tax evasion and falsification of tax clearance certificates . 

They are Eric Yeboah, Deputy Managing Director of Skyco Printing Press Limited and Eugene Nyabi, Managing Director of Yamens Printing Limited. 

They were arrested by the Ghana Revenue Authority Special Revenue Mobilization Taskforce, at their offices for falsely making or altering the serial numbers of the tax clearance document. 

The Director in charge of the Taskforce Theophilus Gaskin, said they will be processed for court and jailed if found culpable. 

Mr Gaskin said his outfit has noticed that mobile phone shops have been evading taxes and the exercise was aimed at compelling businesses to fulfil their revenue obligations. 

He said the new Value Added Tax Act of 2013 (Act 870), makes it obligatory for business operators to pay their direct tax and issue VAT invoices to prospective buyers, and thereafter, make statutory payment to the GRA.  There is therefore the need to step up mobilization efforts to get recalcitrant taxpayers to fulfill tax obligations. 

Mr Gaskin indicated that tax defaulters will pay 30 per cent penalty on the total direct tax and VAT liabilities.



SOURCE: GNA