The Ghana Revenue Authority (GRA) has justified a $773 million back-tax bill it imposed on telecommunication company, MTN.
MTN in an earlier statement contested the back-tax bill, describing it as inaccurate.
Responding to the issue, the GRA maintained that the action was right in law.
“Section 36 of the Revenue Administration Act 2016, (Act 915), mandates the Commissioner-General to audit the tax affairs of a person; and it is in accordance with this provision that the Authority conducted a Tax audit on MTN Ghana for the tax period 2014 to 2018” a statement released by the GRA said.
“The audit was conducted as required by law adhering to the principles of fairness and transparency”, it added.
The authority explained that in the case of MTN Ghana, GRA followed due process in serving a Notice of Assessment and engaged the company as required by Law to ensure that it communicates the basis of assessment as well as the several avenues available for objection as required in Section 42 of the Revenue Administration Act.
“We wish to emphasize that MTN Ghana has been reminded at all times in the Authority’s interactions with them about their right to object to any tax decision by the Commissioner-General”.
Below is the statement
The attention of the Ghana Revenue Authority (GRA) has been drawn to a public statement issued by SCANCOM PLC (MTN GH) in reaction to a Notice of Tax Assessment served on MTN Ghana by the Authority on the 10th of January 2023.
GRA wishes to remind taxpayers and the general public that its mandate in tax administration is derived from the Ghana Revenue Authority Act 2009, (Act 791), the Revenue Administration Act 2016, (Act 915) and several other tax laws.
Section 36 of the Revenue Administration Act 2016, (Act 915), mandates the Commissioner-General to audit the tax affairs of a person; and it is in accordance with this provision that the Authority conducted a Tax audit on MTN Ghana for the tax period 2014 to 2018.
The audit was conducted as required by law adhering to the principles of fairness and transparency.
Section 42 of Act 915 also prescribes the ways in which a person can object to a tax assessment that is served by the Commissioner-General.
In the case of MTN Ghana, GRA followed due process in serving a Notice of Assessment and has engaged MTN Ghana as required by Law to ensure that it communicates the basis of assessment as well as the several avenues available for objection as required in Section 42 of the Revenue Administration Act.
We wish to emphasize that MTN Ghana has been reminded at all times in the Authority’s interactions with them about their right to object to any tax decision by the Commissioner-General.
Admittedly, MTN Ghana has been audited many times in the past and has received numerous awards as a compliant taxpayer; however, these do not in any way prejudice the conduct of audits as required by Law.
GRA uses this opportunity to remind taxpayers of their obligations under the tax Laws to declare and pay the right amount of tax(es) as well as the mandate of GRA to ensure that all businesses pay the right amount of tax.
Latest Stories
-
‘We haven’t arrested the cedi, we’re massaging it’ – Isaac Adongo
47 minutes -
‘We’re guiding cedi to its true level’ – Isaac Adongo
1 hour -
‘This is an initial remedy’ – Isaac Adongo says cedi measures meant to give Ghanaians relief
2 hours -
At least 21 killed in crash in Mexico, official says
4 hours -
I’m far from quitting as Man Utd coach – Amorim
4 hours -
Trader faces court for injuring carpenter’s eye in GH¢200 dispute
4 hours -
Police arrest 4 over death of Momo vendor
4 hours -
‘He will learn from it’ – Isaac Adongo defends Sammy Gyamfi over dollar giveaway saga
5 hours -
‘He’s a shining star who made an error’ – Adongo defends Sammy Gyamfi over dollar video
5 hours -
Putin not on Kremlin list of officials attending Ukraine peace talks in Turkey
6 hours -
Trump’s critics and supporters unite against Qatar plane deal
6 hours -
Empowering rural women through aquaculture: KIC’s alternative livelihood approach
6 hours -
Mark Carney says Canadians are not ‘impressed’ by UK’s invite to Trump
6 hours -
Prosper Kuyipwah: Treasurers are evolving. Their banks must too
6 hours -
Public health risk as local manufacturers warn of dangerous diaper imports
7 hours