- 5 Marks
Question
Nangodi Enterprise, in its bid to be tax compliant, has sought your opinion on the circumstances under which its registration under Value Added Tax (VAT) can be canceled by the Commissioner General.
Required:
What are the conditions under which Nangodi Enterprise’s VAT registration can be canceled?
Answer
Section 19 of Act 2013, Act 870, states the following conditions under which the Commissioner General shall cancel the VAT registration of a person:
Where the person
i. No longer exists;
ii. Is not carrying on a taxable activity;
iii. Is not required or entitled to apply for registration;
iv. Has no fixed place of business or abode;
v. Has not kept proper accounting records related to a business activity carried on by
that person; or
vi. Has not submitted regular and reliable tax returns required under the Act
- Tags: Commissioner-General, Registration cancellation, Tax Compliance, VAT
- Level: Level 3
- Topic: Tax administration in Ghana
- Series: NOV 2015
- Uploader: Kwame Aikins