The Commissioner-General of the Ghana Revenue Authority (GRA), Anthony Sarpong, says the Authority has stepped up efforts to recover millions of dollars in outstanding debts owed to the state by companies operating in the oil and media sectors.
He made the disclosure while responding to questions before Parliament’s Public Accounts Committee (PAC) on Monday, January 12.
Mr Sarpong revealed that Media Development Limited currently owes the Authority US$313,040, while ECO Atlantic has an outstanding tax liability of US$47,200.
He said the GRA is pursuing all lawful avenues to ensure that the debts are recovered in full.
According to him, where indebted companies are not actively operating in Ghana, the GRA has engaged the Petroleum Commission to assist in enforcing compliance.
He explained that the Commission has been requested to use its regulatory channels to remind such firms of their obligations and ensure that outstanding liabilities are addressed whenever the companies undertake activities in the country.
Mr Sarpong further noted that the GRA has strengthened collaboration with the Petroleum Commission and the Ghana National Petroleum Corporation (GNPC), stressing that defaulting entities will be denied the required permits until their debts are settled.
“To recover these funds, we are also leveraging multilateral arrangements with other countries through our Exchange of Information agreements. We have submitted the debts to the authorities in the countries where these entities are registered, enabling their support in recovering what is owed,” he said.
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Source: www.myjoyonline.com