GRA assures Tullow of collaboration to settle Us$393 million tax liability without disrupting its petroleum operations
The Ghana Revenue Authority (GRA) has said it will work with Tullow Ghana to resolve a US$393 million tax dispute without disrupting the company’s petroleum operations. The assurance follows a ruling by an international tribunal affirming GRA’s tax assessment as lawful.
The Ghana Revenue Authority (GRA) has pledged to collaborate with Tullow Ghana to resolve a substantial tax dispute valued at US$393 million without causing any disruption to the company's petroleum activities. This commitment came after an international tribunal confirmed the legitimacy of the GRA's tax assessment. During an interview with Joy Business, GRA Commissioner-General Anthony Kwesi Sarpong expressed satisfaction with the ruling and announced the authority's intention to engage all stakeholders to settle the dispute amicably.
Sarpong highlighted that the victory at the London Arbitration underscores GRA's commitment to fairly applying Ghana's tax laws to both international and local businesses. He emphasized that Tullow, a significant partner in Ghana's petroleum sector, will be worked with to ensure that the tax obligation is settled in a manner that does not hinder Tullow's operations.
The GRA remains steadfast in its dedication to protecting the nation's interests and placing Ghana's welfare first in all dealings.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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