Business News of Wednesday, 29 November 2017
Two companies in Accra including a law firm have been closed down by the Ghana Revenue Authority (GRA) for owing the State to the tune of over GHC1.41 million in taxes.
Documents from the GRA show the law firm, Peasah-Boadu and C. Legal Practitioners and Consultants which is located at Shiashie within the Gulf House owes GHC1,000,787.17
The second company, Fastel Constructions Limited at Haatso also owes the State GHC41,089.82.
Officials of GRA say the amount owed by the two companies covers other charges and penalties, TV3’s Ebenezer Agyekum Boateng reported.
Our correspondent say they have been given a 10-day grace period to settle their indebtedness or risk further action after the expiration of the period.
The closure of the two companies Wednesday formed part of a national exercise by the GRA to retrieve all taxes owed the State by companies.
A last minute payment of GHC2,306,625 by managers of the Accra Mall saved the shopping centre from being closed down by officials of the GRA.
Managers of the Mall had ignored two notices issued to them by the GRA in September and October 2017, causing revenue officials to storm the premises Wednesday morning.
It took the managers about an hour to process a banker’s draft at the Accra Mall branch of the Stanbic Bank for the settlement of the full amount which included penalty. Officials of the GRA said an audit revealed managers under-declared the taxes that they were to pay between 2013 and 2015 which amounted to GHC2,306,625 including penalty.