Connect with us

Hi, what are you looking for?

News

GRA Begins Enforcing Excise Tax Stamp Policy in UER

The Ghana Revenue Authority (GRA) in the Upper East Region, has embarked on a programme to enforce the Excise Tax Stamp Policy, as part of measures to prevent excisable products without Tax Stamp from being sold to the public.

The nationwide activity is part of efforts instituted by the revenue mobilization institution to ensure that all distributors, wholesalers and retailers comply with the Excise Tax Stamp policy and have the tax stamp affixed on their products.

The Tax Stamp Policy, which emanates from the Excise Stamp Act passed by Parliament in 2013, Act 873 prescribes that all alcoholic and non alcoholic carbonated beverages, bottled water, cigarettes and other tobacco products were embossed with the Tax Stamp before being released to the market or sold to the customers.

The Excise Tax Stamp is a specifically designed stamp with digital and other security features, which is supposed to be affixed on specified excisable products produced locally or imported to provide enough guarantee of product authenticity as well as show that taxes and duties have been paid or will be paid.

This is to control the importation and local production of excisable goods for revenue purposes, check the illicit trading, smuggling and counterfeiting of excisable products, check under-declaration of goods, and protect and increase revenue mobilization for national development.

To ensure this an ultimatum of six months was given to all distributers, wholesalers and retailers, which started on March 1, 2018, to have the Tax Stamp affixed on their products.

The Upper East Special Revenue Mobilization Task Force led by Mr Ekow Ampah, Senior Revenue Officer of GRA, inspected stores including Lesken Enterprise Limited, Rain In Supermarket, Abrantie Annex, Get Rich Supermarket among others in Bolgatanga.

During the inspection, it was discovered that some of the excisable products in almost all the stores visited had the Tax Stamp on them, while some products in the same stores did not have.

According to most of the owners of the shops, the products that had no Tax Stamp were old stocks, which were taken before the implementation of the policy took effect.

Despite their explanation, the team instructed them to take off the products from the shelves and ensure that the Tax Stamps were affixed on them before they were being sold to the final consumer.

Mr Ampah explained that the manufacturing companies had received some of the Tax Stamps from their outfit and were supposed to distribute them to the various wholesalers and retailers to affix on the old products.

“We even made announcements that anybody who has old stock should apply to our office, indicating the kind of products and the number, then we will come and verify and give you the Tax Stamps free to affix on them.”

He therefore warned dealers in excisable products against accepting excisable products that had no Tax Stamp on them from their distributers and warned them, “when we come back to see such products, you will be arrested and prosecuted according to the law.”

Whilst admonishing the public against purchasing excisable products that did not have the Tax Stamp on them, the Senior Revenue Officer appealed to the media to intensify public education on the relevance of the Tax Stamp on excisable products.

Trending Stories

News

Northern Regional Minister Salifu Sa-eed has banned prostitution in Tamale with immediate effect. This comes after a Guinean national who tested positive for the...

News

Jacques Joaquim Yhombi-Opango, former president of the Republic of the Congo, has died after contracting coronavirus, his family said. Yhombi-Opango died in a Paris...

News

The Northern Regional Minister, Salifu Saeed, has confirmed that a coronavirus patient who was under quarantine in his region has fled the facility, leaving...

News

Sixteen persons have been arrested in Kasoa in the Central Region for failing to give tangible reasons why they were in town during the...

News

A video of a young man paying dearly for refusing to adhere to the directives of the president to remain indoors has emerged barely...

News

President Nana Akufo-Addo has earned massive praise from some prominent people around the world over list latest statement on the Coronavirus disease (COVID-19). President...

News

There are now more than 3,200 confirmed cases of coronavirus across the continent, with a number of African countries imposing a range of prevention...

News

The President for Institute of Liberty and Policy Innovation (ILAPI), Mr Peter Bismark, has stated that Ghana requires GH₡15 billion for 28 days’ total...

News

The ghana government has empowered the security forces to enforce the partial lockdown of certain parts of the country in order to contain the...

Africa & World

In fact, Venezuela has done a lot of good deeds for a lot of countries, but mostly for the poor countries in the Caribbean...

Africa & World

Soaring food prices aren’t new in Haiti, the poorest country in the Western Hemisphere and heavily dependent on imports. Sadly in 2020, those prices...

News

The Bank of Ghana in its efforts to ensure the effectiveness of the lockdown directive given by President Akufo-Addo, is urging all banks and...

Copyright © 2020 GhanaStar Media Group. All rights reserved