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
-
One year rent advance is fair – GREDA Executive Secretary backs new rent bill
16 minutes -
What should e-commerce sellers check before expanding into new markets?
45 minutes -
Minority calls for stronger human rights safeguards in Security Bill
47 minutes -
Two killed, 14 injured in accident on Ho–Aflao Highway
1 hour -
Surveillance provisions in Security Bill ‘deeply troubling’ – Minority
1 hour -
Security Bill risks politicisation and weak financial accountability – Minority
1 hour -
Churches to be monitored via digital registry – Local Gov’t Minister
1 hour -
Security Bill flawed; centralises excessive power in presidency – Minority
1 hour -
Pressure will mount on Gold Board model as BoG exits gold trade financing – Finance Prof
1 hour -
Accountability Forum calls for forensic audit in COCOBOD finance
2 hours -
UBA unveils diaspora platform to connect global Africans with investment, wealth opportunities
2 hours -
What the deadly Burkina Faso ambush says about our unfinished Agric Promises
2 hours -
Unity is panacea to retain party in government – Asiedu Nketia to NDC faithful
2 hours -
Gov’t skills training programme creates employment and income opportunities – Muntaka
2 hours -
Prioritise dignity over sensationalism in reporting on children – Media urged
2 hours
