Accra Mall pays GHC2.3 million VAT to Ghana Revenue Authority

Accra Mall pays GHC2.3 million VAT to Ghana Revenue Authority

The management of Accra Mall Limited has confirmed the payment of Ghc2.3 million, being an outstanding 2014/2015 VAT liability, to the Ghana Revenue Authority (GRA) following deliberations with revenue officials who visited the mall premises yesterday.

Click here for all the latest news in Ghana

A statement issued this afternoon by Hannatje Ludick, the asset manager for the mall, discloses that prior to the payment the management of Accra Mall and senior officials of GRA had made considerable progress in engagements regarding the settlement of the outstanding tax liability and the mall had proceeded to initiate the due processes required for payment of the outstanding liability.

Accra Mall pays GHC2.3 million VAT to Ghana Revenue Authority

Accra Mall pays GHC2.3 million VAT to Ghana Revenue Authority

READ ALSO: 5 most expensive private universities in Ghana currently

The management of Accra Mall was therefore surprised that a GRA task force arrived at the facility yesterday morning, ostensibly to enforce payment, in spite of progress made in ongoing discussions on the subject.

Accra Mall accordingly paid an amount of Ghc2,306,625.90 to GRA through a banker’s draft yesterday morning.

Following this development, the management wishes to affirm that Accra Mall Limited has always been and would remain a responsible, compliant and law-abiding corporate player on the country’s business landscape and would not, in any way, deliberately flout the payment of any tax or any other regulatory requirement.

Accra Mall pays GHC2.3 million VAT to Ghana Revenue Authority

Accra Mall

Get more YEN news here.

In fact, the management of Accra Mall has taken the lead in keeping open the communication channels with the GRA, as there was uncertainty around transition rules regarding payments received in advance in the VAT Act enacted in 2014. Since then management has been engaged in constructive discussions with the Authority around the implementation of the VAT Act.

It is worthy of note that Accra Mall ranks high among the crop of businesses in Ghana that are prompt and flawless in the payment of their tax liabilities,  such as the PAYE, withholding tax and VAT, and has consistently ensured payment of these up to October 2017.

The Mall assured its tenants and patrons that it will continue to provide the best environment needed for business and modern one-stop shopping and sustain Accra Mall’s status not just as Ghana’s premier mall but also the country’s most preferred destination for shopping and business.

READ ALSO: 10 major stories that got everyone talking in 2017

Send us a message on our official YEN Facebook group or at info@yen.com.gh.

YEN is building a platform where Ghanaians can share local news and own experiences with each other.

Witnessing an incident? Want to tell about a local problem? Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome.

Source: Yen.com.gh

Related news
KUMACA student tells the full story on how a Pastor predicted the deaths of his colleagues

KUMACA student tells the full story on how a Pastor predicted the deaths of his colleagues

KUMACA student tells the full story on how a Pastor predicted the deaths of his colleagues
YEN.com.gh
Mailfire view pixel