The National Communications Backbone Company (NCBC), has paid 30% of its debt to the Ghana Revenue Authority (GRA).
The NCBC is a subsidiary of Vodafone Ghana.
The payment was confirmed by the Head of Task Force division of GRA Henry Bradford Sam to Accra-based Citi FM.
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He said that “the National Communications Backbone Company raised issues concerning the tax audit that was conducted and in conformity with the tax law, they were required to pay 30% of the liability. Per our calculation, the thirty percent by amounts to about 9 million Ghana cedis. They have honoured the 30%.”
He added that they are now at the next phase to reconcile and indicate the specific amount the NCBC is expected to pay.
“We have moved to the next phase which is to reconcile with them the issue concerning the capital allowance and withholding taxes that occasion the liability. When the review is done, we will then have to inform them of our tax decision. The amount may go up or it may come down or even remain the same, but not until we are able to consider all our issues during the review.”
The GRA earlier served notice that it will sell off the assets of NCBC when the company was defaulting in taxes.
The NCBC is reported to have defaulted in capital gains tax to the tune of GH¢9,018,000. The Ghana Revenue Authority also issued a distress order on Tuesday, June 20th, 2017.
According to the Head of Special Revenue Mobilisation task force at the GRA, Henry Sam, they were forced to issue the distress order because the company failed to comply with its capital gains tax obligations from September 2016 till date.