Accra Mall pays GH¢2.3m VAT to GRA
The management of Accra Mall Limited has paid Gh¢2.3 million to the Ghana Revenue Authority (GRA) following deliberations with revenue officials who visited the mall premises last Wednesday.
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The amount represents an outstanding 2014/2015 Value Added Tax (VAT) owed GRA by the mall.
A statement issued last Thursday by the Asset Manager for the mall, Ms Hannatje Ludick, said 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.
The management of Accra Mall was, therefore, surprised that a GRA task force arrived at the facility last Wednesday to enforce payment, in spite of progress made in ongoing discussions on the subject.
Accra Mall accordingly paid an amount of Gh¢2,306,625.90 to GRA through a banker’s draft on Wednesday morning.
Following this development, the statement said, “management wishes to affirm that Accra Mall Limited would not, in any way, deliberately flout the payment of any tax or any other regulatory requirement”.
“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”. The statement said, adding that since then, the management had 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 and withholding tax, and has consistently ensured payment of these up to October 2017”, the statement said.
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The management assured tenants and patrons of the mall that management of the mall would continue to provide the best environment needed for business and a ”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.”