Register General gives companies ultimatum to file tax returns

Mrs Jemima Aware (right), addressing the media.With her is Mr Felix Addo,President of GARIA.Photo.Seth Osabukle

Mrs Jemima Aware (right), addressing the media.With her is Mr Felix Addo,President of GARIA.Photo.Seth Osabukle

Companies and business establishments in the country have been given up to April next year to provide all necessary documents on their tax returns or be deleted from the database of the Registrar General’s Department.

 

They are to file their tax returns backed by their financial statements, acquired Tax Identification Number (TIN) for their staff and directors and pay the required penalties before given a certificate to operate legally.

 

According to the Registrar General, Mrs Jemima Aware, about two million businesses have been identified in the database of the department as not having filed their tax returns from 1968 to 2018.

 

Some businesses, she said, did not have credible records to do businesses in the country while some lacked a register for staff and directors of their company.

 

Mrs Aware disclosed this at a press soirée organised by the Ghana Association of Restructuring and Insolvency Advisors (GARIA) on Wednesday in Accra.

 

So far, Mrs. Oware said about 500,000 businesses had been able to satisfy all the requirements to be migrated onto the Electronic System (E-System) database of the Registrar General Department.

 

She said the businesses that had been put onto the system can now transact business as legal entities, with government, individuals and organisations.

 

She added that the E-System that kept track of companies’ activities would help the department monitor performances and records of all companies operating in the country.

BY BERNARD BENGHAN

email
Print Friendly
RELATED POST :

Leave a Comment