Petition parliament on tax extension period—GRA to OMCs

The Ghana Revenue Authority (GRA) has directed Oil Marketing Companies (OMC’s) to petition parliament for an extension in payment of their taxes which is within 21 days.

The OMCs made an appeal for the days to be reviewed.

But responding to the appeal, the GRA, stated that the days can only be revised should it be amended by parliament.

“We are guided by laws and by regulations. They are to meet their tax obligations within twenty-one days. So unless it goes through parliament for that section to be amended, we will still hold the twenty-one days”, Assistant Commissioner in charge of Accra Collection at the GRA, Mr. George Atta Kruffie said.

The OMC’s on Monday appealed for an extension of the payment date of some taxes such as the Special Petroleum Tax since it is affecting their operations.

The CEO of the Association of Oil Marketing Companies (AOMCs), Mr. Kwaku Agyeman Duah, had said the situation has compelled some market operators to borrow from banks to meet the timelines.

But in an interview with Citi Business News, Mr. Atta Kruffie said the OMC’s can in the interim also apply to the commissioner of GRA for an extension.

“But they have every right to apply to the commissioner for a subject period so that if the commissioner extends the period beyond twenty-one days, they will have that breather to pay beyond the twenty-one days. Anything short of that we still hold them by twenty-one days” he stressed.

Source: Citi Business News

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