The Auditor-General Johnson Akuamoah Asiedu has cited an amount of GH¢23,572,832 as Tax Irregularities in the audit of the accounts of Public Boards, Corporations and other Statutory Institutions for the period ended 31 December 2021.
Johnson Akuamoah Asiedu said, the Tax irregularities related to failure to pay statutory tax deductions on due dates, and non-deduction of applicable taxes.
The Tax irregularities also related to transacting business with non-VAT registered persons or entities.
Out of the total tax irregularities of GH¢23,572,832, an amount of GH¢23,196,270.05 was attributed to Electricity Company of Ghana (ECG) for delayed remittance of P.A.Y.E and withholding taxes and the non-deduction of withholding taxes and withholding VAT.
The Auditor-General has therefore recommended that the Finance Officers should strictly adhere to the tax laws to ensure that all tax revenues are promptly collected and paid to the applicable revenue agencies on due dates.
SOURCE: Coverghana.com.gh
