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Comply With VAT Law-Commissioner

vat_lawThe Commissioner of the Value Added Tax (VAT) Service, Anthony Ewereko Minlah has expressed worry over the non compliance of businesses to the VAT law.

He was of the view that the failure of businesses to honour their tax obligations, especially VAT was “probably due to the fact that operators in the industry are not well informed on the provisions of the law.”

Speaking at a seminar organised by VAT Service in collaboration with the Ghana Institution of Surveyors (GhIS) for companies in the construction industry, Mr Minlah observed that there were a number of operators in the system who were not complying fully with the Vat law.

He said it has come to the attention of the VAT Service that many companies that undertake construction and related activities had not registered with the service.

He urged the public to help fish out such companies that do not comply with the VAT Service since “they create an uneven playing field for their registered counterparts.”

“Members of the GhIS are obliged by law to register with the VAT Service. They are to charge and collect VAT on the services they provide for their clients,” he told the participants at the seminar which included past Presidents of the Institution.

The commissioner hinted that the Service and the other revenue agencies as part of efforts to mobilize revenue would promote voluntary tax compliance through continuous public awareness.

The Minister of Finance and Economic Planning, Dr. Kwabena Duffuor, in an address read on his behalf, urged service providers operating in the country to voluntarily comply with their tax obligation to contribute to the nation’s development.

“As side being in line with their civic responsibility, service providers and the public’s honour of their tax obligation will enable the government to effectively mange the national economy,” he noted.

President of GhIS, Kwadwo H. Osie-Asante  in his address, called on revenue collectors not to be ‘thermometers’-passive but ‘thermostats’-proactive.’

Credit: dailyguideghana

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