- According to the Compliance and Enforcement Unit of GRA, Sol Cement has neglected to pay a sum totaling GH709,686 828.35 for the years 2019 to 2022, necessitating the closure of the company’s factory.
- On Monday, October 23,2023, a team under the direction of Joseph Annan, Assistant Commissioner in charge of compliance at the GRA’s Accra Central Area Office, shut down the factory’s activities.
- According to Mr. Annan, the enforcement was based on an audit that was carried out and found a tax due of GH709 686 828.35 that included various taxes, interests, and penalties.
- He claimed that all internal avenues had been explored to collect the debt, including serving the company with notices, and that despite their written protest, the company had fallen short of the requirements, which led the Domestic Tax Revenue Division to order the facility’s closure.
- According to Mr. Annan, the corporation will have some time to pay the debt; however, if they are unable to, a distress action, which includes an auction, would be carried out to recover the money owed to the government.
- Although the enforcement team came to the factory on Monday afternoon just as the Sol Cement lawyers initiated an engagement on behalf of management, he claimed, he still sent them to GRA’s head office for additional discussion.
Source:
graphiconline
