In a bid to whip up voluntary compliance to tax laws to boost domestic revenue mobilisation, the Ghana Revenue Authority (GRA) has held a tax education seminar for medium tax payers in the Cape Coast metropolis.
Participants were taken through an overview of the Income Tax Act, 2015(Act 896); withholding taxes and employment income; industry concession, interests and penalties; and rights and responsibilities of tax payers.
Mr. Richard Oppong, Assistant Commissioner of the Cape Coast Medium Tax Payer Office, in an address, said one of the prime objectives of GRA was to maximise tax revenue for national development and this could best be achieved through a very effective tax administration.
He said without the willingness and co-operation of taxpayers, domestic revenue mobilisation becomes very challenging, and it was in this vain that tax education in compliance efforts could not be downplayed.
Describing taxpayers as development partners, he said they could not be left out in tax administration, adding that a well-informed tax payer who appreciates the use of taxes for national development, was more likely to comply with the laws.
He cautioned against the use of fake Value Added Tax (VAT) receipts or non-issuance of such receipts and encouraged participants to report people who indulge in such practices to the GRA, promising confidentiality and reward.
He stressed on the need for organisations to keep records, file and pay their taxes on time, cooperate with administrators as well as comply with the tax law, encouraging any organisation with issues not to hesitate to contact the office.
Jonathan Donkor, Cape Coast