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
-
Government plans more public universities, allocates GH¢100m for UMaT Kenyase campus
20 minutes -
Transport operators, gov’t meet today over proposed 30% fare increase
23 minutes -
Doctors successfully remove motorbike key from farmer’s skull after Jasikan attack
25 minutes -
Education Minister pledges to end double-track system within 24 months
30 minutes -
Ablekuma West NPP Constituency executive elections postponed indefinitely over register dispute
37 minutes -
Otumfuo destools Kenyase II Manhene after 89-year reign
42 minutes -
Partisan politics, religion and tradition shouldn’t divide us – Interior Minister to Ghanaians
46 minutes -
MoFA signs deal to establish organic fertiliser plant in Ghana
51 minutes -
We are not seeking Mahama’s third term – Ken Kuranchie separates case from 2028 politics
52 minutes -
Several reportedly dead after vehicle rams pedestrians at Bukom Junction
56 minutes -
Constitution has a genuine ambiguity – Ken Kuranchie opens fresh debate on Mahama’s third term eligibility
59 minutes -
Wontumi apologises to Mahama, seeks Presidential clemency
59 minutes -
Gov’t plans new teacher university to transform education training
1 hour -
Upper East Regional Hospital celebrates renal patient recovery
1 hour -
US donates $4m military equipment to Ghana Armed Forces
1 hour