Failing to meet timelines for filing tax returns and other payments can attract fines and penalties.
Not complying with legal and statutory regulations can leave the business endangered with pecuniary penalties and may affect its reputation in the long run.
Hence, the perception of being compliant to tax and other regulations goes a long way to create a friendly environment for business growth.
Don’t forget to give to Caesar what is Caesar’s and to God what is God’s.
Written by:
Henry Quartey
Baker Tilly Andah +Andah
Source: Glitz Africa Magazine issue 19
