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
-
They demolish buildings and tell us they’re building 24-hour markets – Paul Adom-Otchere
16 seconds -
NPP’s 2024 Bolgatanga Central Parliamentary Candidate elected Upper East Regional Chairman
12 minutes -
Incumbent Northern NPP Chair wins as new faces break through in party executive elections
16 minutes -
Former Health Minister Okoe Boye elected NPP Greater Accra Regional Chair
31 minutes -
Joseph Kobinah Esibu elected NPP Central Regional Chairman
41 minutes -
Fernandez booed by Chelsea fans as Alonso offers glimpse of blueprint
49 minutes -
PSG sign World Cup winner Torres from Barcelona
57 minutes -
Odeneho Kwaku Appiah beats former EPA boss Kokofu, to emerge NPP Ashanti chair
1 hour -
TDC defends statutory mandate, says its authority to develop Tema predates TMA
1 hour -
Ignatius Kwesi Afrifa elected NPP Western Regional Chairman
1 hour -
Galamsey will be a key issue for NPP’s 2028 campaign – Annoh-Dompreh
1 hour -
Makafui Woanyah retains NPP Volta Regional Chairmanship
1 hour -
Ghana Law Society announces maiden annual Bar conference for September 30
1 hour -
Abronye DC retains NPP Bono Regional chairmanship
2 hours -
NSMQ 2026: Check out the 147 schools battling in 49 preliminary contests
2 hours