GRA closes DE ICON event center for not registering to pay tax

GRA closes DE ICON event center for not registering to pay tax

The Ghana Revenue Authority (GRA) has closed the DE ICON event center located in East Legon for failing to register to pay taxes.

The swoop follows a tip-off to GRA management that the company was operating without registering with the Authority.

Members of the GRA Debt Management, Compliance and Enforcement Team closed the establishment after the GRA verified that the business was not registered.

A director of revenue from the GRA’s debt management, compliance and enforcement team, Nathaniel Tetteh revealed that the owners of the center were aware of the tax laws and had in their possession tax forms for more than five months.

“Today we advised them to go and complete the registration process and that would justify opening the facility for them to operate,” Mr Tetteh said.

He also warned businesses that do not tax to ensure they register and pay the appropriate taxes.

The GRA is currently carrying out an extensive national audit and “mystery shopping” across the country to ensure businesses are complying with tax rules.

ECG stops DE ICON for illegal login

It will be recalled that in August last month, officials from the Electricity Company of Ghana (ECG) discovered that the DE ICON event center was operating with an electricity meter bypass/illegal connection.

When ECG officials visited the scene on Monday, August 8, 2022, they found that security lights and other electrical appliances were operating, including air conditioners and refrigerators, among others, without permission. The central power plant was off, but the facility had no other secondary power source.

According to ECG’s Director of Revenue Protection and Technical Investigations, Eng. Ishmael Oku, “a rough calculation of the power consumption of the facility is set at around 40,000 GH¢”.

He said the owners of the facility would receive a notice of illegal connection and an investigation would be carried out.

“The meter in the premises [also] has national billing, but it is used for commercial purposes. We would investigate this to establish how they got to this meter,” he added.

Meanwhile, the GRA conducted a swoop exercise on two Chinese companies for not issuing VAT invoices to customers in Okaishie, Accra.

The two entities, Zengsi Investment Company and Hua Feng Trading Company are involved in the wholesale of women’s and children’s shoes.

The exercise was led by the GRA’s Accra Central Zone Law Enforcement Manager, Mr. Joseph Adjeikwe Annan.

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