• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Taxes: GRA gives defaulting OMCs December 3 to pay up or face prosecution

4 years ago
in Economy, Editor's pick, Energy, highlights, Home, home-news, latest News
2 min read
0 0
0
112
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Taxes: GRA gives defaulting OMCs December 3 to pay or face prosecution

Oil Marketing Companies (OMCs) that have defaulted on their tax payments have been cautioned by the Ghana Revenue Authority (GRA) to pay what they owe by December 3, 2021, or face prosecution.

The statutory tax collection body in a press release sighted by norvanreports noted it will not hesitate to publish the details of defaulting OMCs and names of their managers if they fail to meet the deadline for payment of taxes.

“The Ghana Revenue Authority wishes to inform managers of oil marketing companies (OMCs) who have defaulted on payment of taxes that the Authority will publish names of defaulting OMCs and their managers if satisfactory arrangements are not made to settle outstanding tax liabilities by Friday 3 December 2021.

“In addition to the publication of the list of defaulters, the Authority will continue enforcement actions such as garnishing of accounts and seal off of business premises among other enforcement tools available, as well as prosecution,” the statement read.

Read details of press release below:

Read: BOST set to commence installation of 12-year delayed pipelines; projected to cost company $24m

RelatedPosts

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

The GRA in September this year noted that it has commenced processes leading to the prosecution of tax defaulting Oil Marketing Companies (OMCs).

According to the Commissioner-General, Rev. Ammishaddai Owusu Amoah, this followed several engagements with the Chief Justice, Justice  Kwasi Anin-Yeboah.

The GRA’s decision to prosecute was on the back of an exercise carried out by the GRA which saw outlets of defaulted OMCs being locked and closed down by the Authority’s task force.

 “We have gotten some positive responses from some affected oil marketing firms after the current exercise on the petroleum tax and other levies that were in debt. But let me use this opportunity to mention that we are moving into prosecution and very soon we will start serving the recalcitrant ones [OMCs] that have failed to heed to our [GRA] call”, he said in an earlier interview.

“Let me caution that they [OMCs] should use this period to come to the GRA to clear their debts or face the law because we have already had a discussion with the relevant authorities and the Chief Justice to begin prosecution,” he added in the interview.

Source: norvanreports
Tags: ghanaOil Marketing Companies (OMCs)Taxes: GRA gives defaulting OMCs up to December 3 to pay or face prosecution
No Result
View All Result

Highlights

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

Trending

Features

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

October 7, 2025

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain President of the Ghana Journalists...

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.