Africa-Press – Ghana. The Company, through its Solicitors, said in a statement that it had consistently been guided by statute in its operations and reporting to the Ghana Revenue Authority (GRA) to date.
“We are happy to state that our Client is up-to-date with its tax obligations.”
According to the Ghana Revenue Authority (GRA), a tax audit conducted by its officers on BGC International DMCC Ghana Limited, a precious mineral refiner and exporter, for the period 2016 to 2018, established a total tax liability of GHS21,948,165.45. The tax liability comprises outstanding withholding tax, Directors PAYE, Corporate income tax and accrued interest.
Madam Rebecca Edufo-Abraham, an Assistant Revenue Officer, told the Tax Court that the Company, in a letter dated February 19, 2020, authorized the national security coordinator to pay the GRA the sum of GHS1,070,415.79 for the Company’s outstanding corporate tax and PAYE, a statement that the BGC International DMCC Company Limited has denied.
She also stated that the Company had so far paid an amount of GHS64,000, leaving an outstanding balance of GHS21,884,165.45. In addition, a garnishee order served on the Company’s bankers yielded just over GHS2,000.00.
However, the Chamber of Bullion Traders Ghana (CBTG), the Association to which BGC International DMCC Company Limited is a member, is seeking legal redress in court regarding the withholding of tax payments for the then Mineral exporters
The lawyers intimated that it was the Association’s view that the position of GRA did not conform to the then operational framework. The Solicitors stated that its client was working with the GRA to swiftly bring finality to the current disagreement.
The Solicitors stated, “Our candid opinion is that there was a clear misrepresentation of facts in news bulletins as inaccuracies were captured in various publications.”
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