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Auditor General’s report reveal OMCs owe over GH¢226m in taxes

By PrimeNewsGhana
OMCs owe over GH¢226m in taxes
OMCs owe over GH¢226m in taxes
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The latest Auditor-General’s report has revealed that some 28 Oil Marketing Companies (OMCs) defaulted in the payment of taxes between July 2018 and December 2019.

According to the report, the 28 OMCs owed the Ghana Revenue Authority GH¢226,942,904 as taxes on petroleum from the Tema Oil Refinery (TOR).

The report further stated that the failure of the OMCs to pay the due tax is not in accordance with section 104 of the Customs Act 2015 (Act 891).

“Section 104 of the Customs Act, 2015 (Act 891) provides that where the Commissioner-General establishes that a person owes duty or tax arrears, that person shall within thirty days of a written request by the Commissioner-General refund the money or pay the duty or tax arrears owed,” the report titled “ Report of the Auditor- General” stated.

It, therefore, recommended that the amount owed by the OMCs be recovered with immediate effect.

“We recommended to the Commissioner, Customs Division to recover the amount of ¢226,942,904.00 from the OMCs without any further delay,” it indicated.

This comes after an audit report also released in 2018 accused 10 OMCs of failing to pay an amount of GH¢33,675,044 as taxes on petroleum products to the GRA in the year 2018.