Tax analyst, Geoffrey Ocansey has called for stricter sanctions on businesses and persons who contribute to tax evasions.
“When you look at financial irregularities in 2018 alone, it was GHS5.1 billion and in 2019 the report suggests that we have lost another GHS 3 billion to financial irregularities. So, if people are seeing these reports, complicated by the things they see around them and tax officials are not able to account for their tax collections, then I am sure people will lose some trust in the tax system. There is no sacking; there is no jailing and punishment. Once the punitive measures are low, there will always be motivated to offenders,” he explained, during Plan B FM ‘Ebaanosen with Bohyeba Afriyie.
He also added that, stricter commitment to protect taxpayer’s monies will encourage more Ghanaians to fulfill their tax obligations too.
The Vice President Dr. Mahamudu Bawumia has revealed that, the Ministry of Finance, the Commissioner-General of the Ghana Revenue Authority, and the Economic Management Team, have initiated work on a mobile application for the filing of taxes. This is part of measures being made to make tax compliance and enforcement easier, and increase the contribution of domestic revenue to the nation’s GDP.
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