Audio By Carbonatix
An audit report from the Auditor General Department has disclosed that 28 Oil Marketing Companies (OMCs) have defaulted in the payment of taxes between July, 2018 and December, 2019.
According to the report, the 28 OMCs owed GRA-Customs Division an amount ¢226,942,904.00 as taxes on petroleum from the Tema Oil Refinery (TOR).
The report further stated that the failure of the OMCs to pay the due tax is not in accordance to section 104 of the Customs Act 2015 (Act 891).
“Section 104 of the Customs Act, 2015 (Act 891) provides that where the Commissioner-General establishes that a person owes duty or tax arrears, that person shall within thirty days of a written request by the Commissioner-General refund the money or pay the duty or tax arrears owed,” the report titled “ Report of the Auditor- General” stated.
It therefore recommended that the amount owed by the OMCs to be recovered with immediate effect.
“We recommended to the Commissioner, Customs Division to recover the amount of ¢226,942,904.00 from the OMCs without any further delay,” it indicated.
This comes after an audit report also released in 2018 accused 10 OMCs of failing to pay an amount of ¢33,675,044 as taxes on petroleum products to the Ghana Revenue Authority (GRA) in the year 2018.
Latest Stories
-
Let The Constitution direct Chieftaincy to deliver “All Development Is Local”
51 minutes -
John Jinapor outlines renewable energy, nuclear power priorities for 2027
1 hour -
Ghana explores centre of excellence for hearing, communication and cochlear implant care
2 hours -
Schizophrenia-related disorders lead mental health cases recorded in Ghana
3 hours -
Dutch authorities enlist Ghana in hunt for fugitive drug lord Bolle Jos
3 hours -
Ghana housing finance conference adopts communiqué to improve affordable housing access
7 hours -
Special Initiatives Minister urges Wa Technical Institute to enrol more girls as EU-backed solar training lab opens
8 hours -
In the matter of my first year at the Bar
8 hours -
ActionAid Ghana calls for an end to child marriage, greater investment in girls’ rights
8 hours -
Newsfile to tackle World Cup visa scandal, beach demolitions, education strikes, BRICS bid
9 hours -
UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities
9 hours -
Embassy of Denmark celebrates World Maritime Day
9 hours -
Linking LEAP to productive inclusion could cut extreme poverty by 2030 – UNICEF
10 hours -
Trade Ministry backs use of creative arts to rehabilitate prison inmates
10 hours -
Negotiations with government to continue despite strike suspension – GNAT
10 hours