Business News of Saturday, 10 January 2015

Source: GNA

Revenue Intelligence to fight economic crime

The Registrar General Department, has awarded a Certificate of Information, for the operation of a Revenue Intelligence body that seeks to assist government to check acts inimical to revenue generation.

The anti revenue and economic fraud organisation would serve as a centre for gathering information on revenue leakages through the teaming up with the public and civil society organisations to support the revenue authorities, to check acts that undermine income due to the state.

The aims and objectives of the body, which was copied to Ghana News Agency in Accra at the weekend, said the revenue intelligence initiative would among other things help to check ghost names on government pay roll, failure by employers to pay Social Security contributions of their staff and illegal exportation of mineral and forests products.

The rest are fighting smuggling, illegal registration of vehicles, non-issuance of Value Added Tax receipts by hotels and other companies to clients and forging of revenue documents.

The organisation would also target illegal water and electricity connections, non- payment of tolls, illegal operation of businesses, extortion of money, failure of people to pay property rates and any negative act that undermines revenue mobilisation and the economy.