Audio By Carbonatix
The Ghana Revenue Authority (GRA) has justified a $773 million back-tax bill it imposed on telecommunication company, MTN.
MTN in an earlier statement contested the back-tax bill, describing it as inaccurate.
Responding to the issue, the GRA maintained that the action was right in law.
“Section 36 of the Revenue Administration Act 2016, (Act 915), mandates the Commissioner-General to audit the tax affairs of a person; and it is in accordance with this provision that the Authority conducted a Tax audit on MTN Ghana for the tax period 2014 to 2018” a statement released by the GRA said.
“The audit was conducted as required by law adhering to the principles of fairness and transparency”, it added.
The authority explained that in the case of MTN Ghana, GRA followed due process in serving a Notice of Assessment and engaged the company as required by Law to ensure that it communicates the basis of assessment as well as the several avenues available for objection as required in Section 42 of the Revenue Administration Act.
“We wish to emphasize that MTN Ghana has been reminded at all times in the Authority’s interactions with them about their right to object to any tax decision by the Commissioner-General”.
Below is the statement
The attention of the Ghana Revenue Authority (GRA) has been drawn to a public statement issued by SCANCOM PLC (MTN GH) in reaction to a Notice of Tax Assessment served on MTN Ghana by the Authority on the 10th of January 2023.
GRA wishes to remind taxpayers and the general public that its mandate in tax administration is derived from the Ghana Revenue Authority Act 2009, (Act 791), the Revenue Administration Act 2016, (Act 915) and several other tax laws.
Section 36 of the Revenue Administration Act 2016, (Act 915), mandates the Commissioner-General to audit the tax affairs of a person; and it is in accordance with this provision that the Authority conducted a Tax audit on MTN Ghana for the tax period 2014 to 2018.
The audit was conducted as required by law adhering to the principles of fairness and transparency.
Section 42 of Act 915 also prescribes the ways in which a person can object to a tax assessment that is served by the Commissioner-General.
In the case of MTN Ghana, GRA followed due process in serving a Notice of Assessment and has engaged MTN Ghana as required by Law to ensure that it communicates the basis of assessment as well as the several avenues available for objection as required in Section 42 of the Revenue Administration Act.
We wish to emphasize that MTN Ghana has been reminded at all times in the Authority’s interactions with them about their right to object to any tax decision by the Commissioner-General.
Admittedly, MTN Ghana has been audited many times in the past and has received numerous awards as a compliant taxpayer; however, these do not in any way prejudice the conduct of audits as required by Law.
GRA uses this opportunity to remind taxpayers of their obligations under the tax Laws to declare and pay the right amount of tax(es) as well as the mandate of GRA to ensure that all businesses pay the right amount of tax.
Latest Stories
-
One dead, six injured in blast at Rotterdam petroleum storage facility
1 minute -
Rescue operation underway as passenger train derails in southern England
5 minutes -
Asokore Mampong Assembly denies demolishing Sekyedumasi Community Bank structure
7 minutes -
NSMQ honours Prof. Elsie Kaufmann for 20 years of dedicated service
10 minutes -
Jirapa MP, MCE hand over education, health and sanitation projects
12 minutes -
Crimea bomb attack reportedly kills former Ukrainian submarine commander who defected to Russia
14 minutes -
Fuel prices have risen by more than 33% in Ghana since the start of the year – JoyNews Research
23 minutes -
Conditions on US aircraft carrier at sea for more than 250 days raise alarms
24 minutes -
Trump promised a sex-trafficking crackdown, his Justice Department hasn’t delivered
25 minutes -
A continent recalculating; how Africa is filling the vacuum Washington left behind
31 minutes -
Gov’t, miners sign GANRAP agreement to support gold-based reserve accumulation
54 minutes -
Stephen Nii Narku Adumuah
55 minutes -
Palestinians told to leave homes in village where Israeli settlers besieged houses
56 minutes -
Ebola outbreak on track to be deadliest ever, WHO chief says
59 minutes -
Air India to test all pilots for banned substances
59 minutes