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
-
Tyson Fury dominates Makhmudov, calls out Joshua next
17 minutes -
I have supported highway authority financially to fix roads in my constituency – A Plus
1 hour -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
2 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
2 hours -
Port crises loom as 11,000 drivers threaten four-day strike
3 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
4 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
4 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
5 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
6 hours -
Monetise Idiocy In Ghana
6 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
7 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
7 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
7 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
7 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
8 hours