Home NEWS Ghana: Hills Oil Marketing Company Debunks Media Reports

Ghana: Hills Oil Marketing Company Debunks Media Reports

0

Accra, Ghana, August 15, 2019//-Hills Oil Marketing Company has debunked media reports and misrepresentations made by sections of the public that it defaulted in the payment of excise duties, taxes and levies amounting to GHS 64,024.80.

According to the company, it “finds these allegations as unfortunate and undesirable and views them as factual inexactitude and therefore, wishes to clarify the issue”.

The reported tax liability of GHS 64,024.80 is alien to Hills Oil; considering that the records available to Hills Oildoes not indicate any such liability of GHS 64,024.80 payable to the Ghana Revenue Authority as excise duties, taxes and or levies, General Manager of Hills Oil Marketing Company Limited, said in a press release issued in Accra today.

Hills oil wants to place on record that penalty/interest on delayed payment of excise duties amounting to GHS13,809.70 on petroleum products lifted has been paid.  A simple post-audit examination would have confirmed this, the release explained.

“In order that we can resolve this matter expeditiously, Hills Oil Company has provided the Customs Division of the Ghana Revenue Authority and the Auditor General’s Department with all supporting documents attesting to full payment of its excise duties, taxes and levies on petroleum products lifted at the Tema Oil Refinery.

Hills Oil has requested the Customs Division of the Ghana Revenue Authority to bring this matter to an expeditious conclusion to forestall any further misrepresentation”.

The company therefore assured its customers, stakeholders and the public that, as a licensed oil marketing company, its compliance with the regulations of the petroleum industry and the laws of Ghana remains unrivaled as we cooperate fully with regulators.

Leave a Reply