Assistant Commissioner, who heads the Accra Central Enforcement Unit of the Ghana Revenue Authority (GRA), Joseph Annan, has identified a tax system loophole.

Efforts are being made to address this issue, which has become evident during the ongoing Value Added Tax (VAT) enforcement operation in Accra.

Annan noted that many businesses were found to be in violation of tax laws. Some registered entities either failed to issue VAT invoices or were selectively issuing them. In response, the revenue collection authority will conduct additional compliance checks to compel tax defaulters to settle their obligations and hold them accountable.

Assistant Commissioner Joseph Annan shared these insights with journalists in Accra following one of the enforcement exercises.

“What it means is that, we have to do a lot more compliance checks.

“Businesses operating in the country that have failed to register with the authority or comply with tax laws will be compelled to do the right thing,” he stated.

Since June of this year, the Ghana Revenue Authority has intensified its initiatives for tax compliance and enforcement with the aim of achieving its collection target of GH¢106 billion.

This objective signifies a 40% year-on-year growth.