Audio By Carbonatix
The Association of Oil and Gas Services Providers is challenging the exoneration of Tullow Oil and some other oil firms operating in the country of allegations that they are evading tax.
The allegation which was first contained in a publication in the Daily Graphic suggests that most oil companies are able to avoid paying income taxes by rotating their expatriate workers.
According to the paper, the company appears to be taking advantage of a law that exempts foreign employees who work for less than a month from paying tax to evade tax.
The Ghana Revenue Authority has since the publication cleared Tullow Oil and the rest of the oil firms of any wrongdoing.
But GOSPA, which is based in the Western Region said the revenue authority must not be so quick in dismissing the allegation.
The Executive Secretary of GOSPA, Nortey Agyeman told Joy Business government must set up an independent committee of technical men with experience in taxation in the oil industry to thoroughly investigate the matter.
He claimed the law had been abused and that some workers of the oil companies had worked for over 200 days without paying taxes.
Meanwhile, the Chairman of the Finance Committee of Parliament, James Avedzi has conceded that the oil exploration law as it stands now opens up the country for exploitation.
He however tells Joy Business the current draft about to be laid before the legislature would be thoroughly scrutinized for any loopholes so the country will realize what is due it from the resource.
Source: Joy Business/Ghana
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.
Tags:
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
-
Fastest World Cup to 100 goals in 68 years – are balls and breaks behind it?
39 minutes -
Gakpo and Brobbey at the double as Dutch sink Swedes
1 hour -
Colombia’s escalating, brutal internal conflict is defining its presidential election
2 hours -
Israeli strikes kill six people in Gaza including Al Jazeera cameraman, officials say
3 hours -
King Charles to reveal personal tax bill for first time as monarch
3 hours -
Substitute Undav scores twice as Germany reach last 32 with comeback win
4 hours -
How does qualification for the World Cup knockout stage work?
4 hours -
At least 15 migrant bodies wash ashore in eastern Libya, sources say
5 hours -
‘Electoral Commission appointments must come from parliament’ – Kofi Bentil
5 hours -
iLotBet launches exciting iPhone 17 giveaway for World Cup season
6 hours -
Man found dead after alleged attempted attack on church in Sefwi Asafo
6 hours -
SIC Insurance launches electric vehicles to advance green transition agenda
7 hours -
NHIA CEO urges students to prioritise health insurance and wellbeing
7 hours -
Elderly man rescued from drowning after clinging to coconut tree during Moree floods
7 hours -
Kpandai Assembly supplies maize to boarding schools ahead of lean season
7 hours