The Agbogbloshie Medium Taxpayers Office (MTO) in Accra has reminded the Businesses under its control to honor their tax duties timely to avoid any endorsement.
A seminar was organized for reminder by the Agbogbloshie MTO on tax law features and multiple penalties for not submitting the tax returns on time.
A senior revenue officer, Mr Selorm Dzah advised the taxpayers to file their tax returns timely to avoid being punished. The delay also denied the government the required funds for development, he said.
He further explained that regarding Value Added Tax (VAT), the income tax must not be delayed than the last working days of the month directly after the tax month.
Moreover Mr Dzah told that a monetary penalty of GH¢500 is liable to a person fails to submit his or her tax returns to the Commissioner-General of the Ghana Revenue Authority (GRA) by due date. Also a further penalty of GH¢10 per day in aggregated if the tax is not paid.
Every company manager is expected to file the income tax returns of his employees not late than 31st March after the year end. This is according to Section 81 (4) of the Internal Revenue Act, 2000, Act 592, he stated.
Mr. Robert Kwame Delali Gbadegbe the acting Assistant Commissioner in charge of the Agbogbloshie MTO encouraged the taxpayers to be submissive in his welcoming address.
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