A Revenue Officer of the Okaishie VAT Sub Office (VSO), Mr. Frank Appiah Boadi, has underscored the need to comply with the VAT laws in order to generate more revenue for the country.
According to him, the public has a civic and moral responsibility to help the service generate funds for national development and reduce the over-reliance on foreign remittances.
“Raising money for the development of the country is not the responsibility of the VAT Service alone, it is the responsibility of all Ghanaians,” he said.
Mr. Boadi said this when officials of the Okaishie VSO visited the staff and students of the Kinbu Senior High School (SHS) in Accra to educate them on the VAT system.
Issues discussed included the importance of paying taxes, its benefits, the need to patronize shops registered under the VAT scheme, among others.
He said generating more revenue is important since it is used to finance projects such as the National Youth Employment Programme (NYEP), the Ghana Education Trust Fund (GETFund) as well as the National Health Insurance Scheme.
He entreated the pubic to paronise shops that are registered under the VAT scheme and urged them to insist on their invoices after purchasing items.
“There are many fraudsters who issue fake VAT invoices to people” he said, adding people do not steal from the VAT Service but from the nation.”
He entreated the public to report any one who engages in such fraudulent acts to officials of the service or the police.
He also advised businesses to register with VAT Service would continue such public education unabated in order to whip up public compliance with the VAT laws.
The service, according to him, targeted SHS students in order to educate the students on the VAT system and inculcate in them the need to contribute to revenue mobilization for national development.