GRA threatens Oil Marketing Companies over default in tax payment

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The Ghana Revenue Authority (GRA) has served a public notice of intentions to publish names of defaulting Oil Marketing Companies (OMC’s) in the country who fail to pay their taxes before deadline date.

According to GRA, failure on the part of the OMCs and their managers to honour their tax obligations by Friday, December 3, 2021, shall be compelled to publish their names and prosecute them.

“The Ghana Revenue Authority wishes to inform managers of Oil Marketing Companies (OMC’s) who have defaulted on payment of taxes that the Authority will publish names of defaulting OMC’s and their managers if satisfactory arrangements are not made to settle outstanding tax liabilities by Friday 3 December 2021″ it said in a statement.

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Apart from publishing names and prosecuting offenders, the Authority says it would proceed to garnish the defaulters’ accounts, seal off of their business premises and use other enforcement tools.

The GRA however called on other businesses to ensure they settle their tax obligation to “avoid publications of their names in the dallies and subsequent enforcement actions”, since section 58 and 59 of the Revenue Administration Act, 2016(915) mandate the Commissioner-General to take such steps.

Read the full statement below:

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