Audio By Carbonatix
It has emerged that telecoms company, Vodafone Ghana, is working to withdraw a suit against the country’s tax administrator, the Ghana Revenue Authority (GRA).
The GRA and Vodafone Ghana locked horns when the tax agency alleged that between 2012 and 2016, the telecoms provider remitted GH¢2.1 billion to its parent company, the Vodafone Group, even though the company still owes corporate income taxes in Ghana for the past six years.
Vodafone Ghana in September 2017 filed a motion at the Commercial Division of the High Court in Accra against GRA, disputing tax assessments of GH¢160 million.
The GRA has been demanding that Vodafone Ghana pays 30 percent of the stated assessment while negotiations continue, but Vodafone Ghana declined and instead requested a waiver from the Commissioner-General.
The telecoms provider has since been praying the court to compel the Commissioner-General to determine its request for a waiver of the said payment of the 30 percent of the amount which is to the tune of GH¢49 million.
Vodafone Ghana’s position has been that the conducts of the GRA in assessing the company’s tax obligations were arbitrary.
However, online business new portal, Ghanabusinessnews.com reports that counsel for Vodafone Ghana, Kwesi Fynn, told the court on Thursday, March 8, 2018, that he had the instructions from his clients to discontinue the high-profile tax case.
“My Lord, today I have good news. My client has decided to discontinue the action following fruitful discussions between them and GRA”, the online news portal quoted Mr Fynn as saying in Court.
Presiding judge, Justice George Koomson, has since asked Vodafone Ghana and the GRA to file notices of discontinuation of the landmark case.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
A dangerous experiment – Sam Okudzeto questions foundation of OSP
1 hour -
Corruption is still everywhere – Sam Okudzeto says OSP missed its mission
2 hours -
Scrap it – Sam Okudzeto says Special Prosecutor’s office has achieved nothing
2 hours -
Golden Globes 2026: The full list of nominees
2 hours -
DiCaprio’s One Battle After Another leads Golden Globe nominations
3 hours -
New mpox strain identified in England
3 hours -
Why has Paramount launched a hostile bid for Warner Bros Discovery?
3 hours -
White South Africans divided on US refugee offer
3 hours -
Australia’s social media ban for children has left big tech scrambling
3 hours -
Trump gives Nvidia green light to sell advanced AI chips to China
3 hours -
Dozens injured after magnitude 7.5 quake strikes northern Japan
3 hours -
Office of Special Prosecutor has failed – Sam Okudzeto tears into Ghana’s anti-corruption model
6 hours -
Israeli climate tech company pioneers eco-friendly lime
6 hours -
Critical moment to ramp up support for Ukraine, European allies say
6 hours -
Burkina Faso plans to restore death penalty for treason, terrorism, espionage
6 hours
