KPMG: No VAT Withdrawals on SML Payments

The complete KPMG audit reveals that over an eight-month period, the Ghana Revenue Authority (GRA) neglected to deduct GH¢13.38 million in VAT from payments made to Strategic Mobilization (Ghana) Limited (SML).

KPMG: No VAT Withdrawals on SML Payments
KPMG: No VAT Withdrawals on SML Payments

The report states that no VAT or withholding tax was deducted from a bulk payment made to SML covering invoices for an eight-month period between September 1, 2020, and April 30, 2021.

According to the whole KPMG report made public by President Akufo-Addo, “this contradicts GRA’s standard practice of deducting such taxes for payments to SML between June 1, 2020 and August 31, 2023.”

Use your ← → (arrow) keys to browse

See also  As of January 16, forex companies are trading $1 on the interbank market at GH13.20 and GH10.34.

sikapa

Next Post

Heritage Christian University

Tue May 28 , 2024
Situated in Florence, Alabama, Heritage Christian University is a shining example of both academic brilliance and spiritual development, providing a life-changing education grounded in Christian values. Heritage Christian University was founded with the goal of providing students with the principles, knowledge, and abilities needed for successful Christian leadership and service. […]
Heritage Christian University

You May Like