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
-
Henry Oware’s Lommel seal Belgian Jupiler Pro League promotion
8 minutes -
Russia’s growing Tech Industry and what it means for Ghana and Africa
9 minutes -
Black Stars open camp in Wales ahead of World Cup friendly
18 minutes -
Atlantic Meridian EV unveils Giovani Caleb as brand ambassador to drive Ghana’s electric mobility revolution
18 minutes -
Agriculture is a pathway to wealth, not poverty — Agritech innovator, Evans Kyere-Mensah
31 minutes -
Hindsight: Laryea’s revenge, Ogum’s regrets, and the GFA’s (near) decade of decadence
33 minutes -
To Nationalise or Transform? Joy Business Hosts Roundtable on Ghana’s Extractive Future
36 minutes -
Afena-Gyan’s home in Italy robbed of personal belongings while on Black Stars duties
37 minutes -
GAB launches nationwide anti-fraud campaign
49 minutes -
South African government’s response to xenophobic attacks worrying — Titus Glover
1 hour -
No cause for alarm over recent cedi depreciation — Prof Asuming
1 hour -
Ghana must diversify economy to safeguard Cedi stability — Prof Asuming
1 hour -
Global conflicts contributing to Cedi depreciation — Prof Asuming
1 hour -
Declining supervision in schools fueling indiscipline — Lom-Nuku Ahlijah
2 hours -
Fear, Fatigue, and Broken Systems: Why the Ghanaian abroad can’t come home and what Ghana must build before they can
2 hours