Some twenty-eight (28) Oil Marketing Companies (OMCs) in the country according to the 2020 Auditor-General’s report owe a total amount of Ghs 226.9 million ($38.3 million) in taxes.
Per the report, the said 28 OMCs from July 2018 to December 2019, lifted various petroleum products without paying the required duties and taxes to the Ghana Revenue Authority (GRA).
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“Our audit disclosed that 28 OMCs from July 2018 to December 2019, lifted various petroleum products without paying the required duties and taxes totalling GH¢226,942,904.00 to GRA-Customs Division,” noted the report.
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The report further revealed that four other OMCs did not pay taxes on 59.7 million litres of fuel products valued at GH¢5.45 million lifted at the Tema Oil Refinery.
The Auditor-General has therefore instructed the Commissioner-General of the Customs Division of the GRA, Colonel Kwadwo Damoah to recover the amount of GH¢226.9 million from the 28 OMCs as well as the Ghs 5.45 million from the 4 OMCs without any further delay.
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.
Source: Norvanreports