The Ho Medium Activity Office environment (MTO) of the Ghana Profits Authority (GRA) has unsuccessful to satisfy its 2020 income focus on due to the coronavirus pandemic.
The MTO which covers both the Volta and Oti Locations administering above 26 districts accrued 18.6 million Ghana Cedis as at Oct 2020, rather of the targeted 26 million Ghana Cedis.
This represents a shortfall shortfall of about 7.4 million Ghana Cedis.
Talking in an interview with Joy News, the Head of Ho MTU, Ernest Tsikata, defined that while his outfit saw an increase in the registrations of tax identification selection, the outbreak of coronavirus afflicted the tax compliance amount of their clients.
He asserted that tax compliance in the initial quarter of 2020 was splendid, but took a nose dive when Ghana started to history cases of coronavirus, which led to the introduction of constraints like a lockdown.
He indicated that most of their shoppers who are in the support business – 1 of the hardest strike by the pandemic – uncovered it complicated to comply with their tax obligations.
He claimed “most of the MTO tax payers are self-accessed tax payers. They are performing their own business enterprise but they have the right to take the assessment at which time as they can.”
“So initially it was excellent, but when the Covid arrived virtually all of them failed to present their assessment. Simply because if they are not operating, they simply cannot shell out the tax. The tax is compensated from profit. If the financial gain is likely down, they can’t shell out the tax,” he defined.