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:
Latest Stories
-
Pregnant woman killed, 2 others injured by unknown gunmen at Kukpalgu in N/R
6 hours -
Saminu blazes to a wind assisted 9.87 seconds 100m victory
6 hours -
Four killed in gang fight at Wiamoase in A/R
6 hours -
Nhyira FM feeds over 500 Kumasi residents at 2025 fufu party
6 hours -
2025 Easter Football Gala to unite communities in Offinso North set for April 21
7 hours -
Valencia stun Real Madrid for first victory at Bernabeu since 2008
7 hours -
Luis Enrique eyes ‘unbeaten season’ as PSG clinch Ligue 1 title
7 hours -
GPL 2024/25: Basake Holy Stars aiming to break duck against Berekum Chelsea
7 hours -
SIC MD calls for stronger collaboration with brokers to boost Ghana’s insurance industry
7 hours -
Westside school visits Safari Valley Eco-park as part of the Joy FM eco champions project
7 hours -
Evelyn Badu goal gives Bjorkegren first Black Queens win as Ghana beat Senegal
9 hours -
Iranian president sacks deputy for ‘lavish’ Antarctic cruise
10 hours -
Tone down on ‘flash and burn’ politics – Dr. Adutwum urges
10 hours -
“There are issues everywhere” – TDC Boss orders EOCO probe into $1m IT contract, others
10 hours -
Let’s be vigilant, increase surveillance for meningitis – GHS Director General
11 hours