Wisconsin Varsity Almost Closed For Gh¢6 Million Tax Arrears

One of Accra's private universities, Wisconsin University, survived the terror of a lock down by the Ghana Revenue Authority as the company's taskforce stormed the campus over Gh¢6 million unpaid taxes.

Reports by Starr FM in Accra explains the possible closure was forestalled following a 50% undertaken signed by the Chairman of the University's council and Board Chairman.

READ ALSO: Top Ten Universities In Ghana

The drastic move follows several efforts by the GRA to force the closure of companies defaulting in tax arrears.

READ ALSO: WAEC To Punish All Officers Responsible For Recent Exam Malpractices

So far, an estimate of about Gh¢12.4 million is said to have been retrieved through the abled efforts of the taskforce set up on the 3rd of August by the Authority.

READ ALSO: Ghanaian Medical Students In Cuba Unhappy About Unpaid Allowances

Affected companies which have had their premises locked so far includes Margins ID Systems with a tax arrears of Gh¢2,095,387.06 and the International Energy Insurance Company following closely with Gh¢1.3 million.

Source: YEN.com.gh