Business News of Tue, 11 Sep 20180
GRA embarks on unannounced visits
The Ghana Revenue Authority (GRA) has announced that its enforcement taskforce would soon embark on unannounced inspection visits to enforce compliance.
GRA, in a recent release, called on the public, especially importers, manufacturers, wholesalers and retailers to ensure that they prepare for such operations.
It said products which would be found without the tax stamps would be seized with applicable sanctions applied.
It pointed out that while enforcement at the ports started on 1st January, 2018, enforcement at the point of sale began on 1st March, 2018.
The Authority noted that the law requires Excise Tax Stamps to be affixed on specified excisable goods, which are manufactured in the country or imported.
The Authority mentioned the goods as cigarettes and other tobacco products, alcoholic beverages whether bottled or canned, non-alcoholic carbonated beverages whether bottled, canned or packaged in other form, bottled water and any other excisable product prescribed by the Minister.