The Kasoa branch manager of popular retail shop, Melcom, has been arrested by the revenue protection taskforce from the Ghana Revenue Authority over failure to issue VAT invoices on some items sold to customers.
He was arrested on Wednesday, February 1. His arrest brings to eight, the number of shop managers arrested on the third day of the operation by the compliance unit of the Ghana Revenue Authority (GRA).
The GRA rolled out the Electronic VAT Invoicing system in 2022 in its quest to track taxes paid on goods purchased.
With the current Value Added Tax rate at about 25%, some shops have adopted schemes to bypass the system in order to keep a low price rate to attract customers.
Ghana Revenue Authority for non-compliance with tax laws and bypassing the Electronic VAT Invoicing system.
The three managers are made up of two foreigners and a Ghanaian.
According to GRA, the managers of the respective malls deliberately outsmarted the Electronic VAT Invoicing system by recording multiple sales of items under one unit.
