GRA locks up aluminium firm Pasico over GHC4m tax

The Ghana Revenue Authority (GRA) has locked up Pasico Ghana for nonpayment of taxes.

The company is known to be the best producer of aluminum frames and Louvre blades; the most popular is the Pasiguard security grills.

It also deals the selling and hiring of lifting equipment and building materials.

According to the GRA, the company which has been in existence since 1948 owes taxes to the tune of about GHC4.8 million.

The taxes have been outstanding since 2015.

The taxes comprise of VAT and Pay as You Earn.

Efforts to retrieve the taxes have been unsuccessful leading to the distress action, the GRA said.

Staff of the company, numbering over 100 were asked to leave the premises as their offices where locked in the early ours of Thursday, October 24, 2019.

The GRA has given the company sometime to settle the debt or their properties will be confiscated by government.

The move by the GRA is part of efforts to ensure tax compliance to boost state revenue.