The Ghana Revenue Authority's enforcement team has locked up the well-known event venue "Underbridge" in East Legon, which is part of the Greater Accra areaThe facility's managers were unable to register and provide Value Added Tax (VAT) receipts to their clients, which led to the action. The GRA has been pursuing companies that underreport or evade taxes for some time.
Before the action, Ghana Revenue Authority's Accra Area Enforcement Manager, Joseph Annan, spoke with Joy Business and explained that "Underbridge" had not been abiding by the tax code, necessitating the distress action.GRA closes the well-known event space "Underbridge"
"It is an offense that they have not registered as a business for VAT. Therefore, we are left with no choice except to shut down the building until they register and pay the fines that will be imposed.
They are aware that businesses must register with the GRA and pay the appropriate taxes, he continued.
The group relocated close to the Tema Industrial District, where multiple cold storage operations have been running on fictitious VAT bills.The managers of about four coldstores were taken into custody by the Criminal Investigation Department personnel who were involved in the activity.
Joseph Nartey, the CEO of Joshnartey Ventures, was detained in Tema Community 9 for producing fraudulent VAT invoices.
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