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IRS refunds tax excesses to nine
companies
Accra, Jan. 05, GNA - The Management of Internal Revenue
Service (IRS) on Friday refunded seven billion cedis as
overpaid taxes to nine companies.
They are the first batch of 24 companies whose taxes were
audited last year and realised they deserved repayment of
withholding taxes.
The companies are, Midland International Ghana Limited,
Global Haulage Company Limited, Belshaw Limited,
Intraveneous Infusions Limited and Seapong Construction.
The rest are Byes and Waves Limited, Wilham Limited, OTR
Tyres Ghana Limited and Banlaw African Limited.
Major Dan Ablorh-Quarcoo (Rtd), Commissioner of IRS
presenting cheques to representatives of the companies, said
the action was to demonstrate to taxpayers and the public
that IRS was determined to “go by the laws that regulates
tax collection in the country”.
He explained that some aspects of the tax law stipulated
that when taxpayers overpaid taxes, such monies should be
refunded to ensure integrity of IRS.
Major Ablorh-Quarcoo said the process of refund was ongoing
and more companies would be audited and when found to
deserve a refund would be done, adding, “Once a while when
necessary, IRS will refund monies to companies to maintain
trust between the companies and the Service”.
He advised managements of companies to pay their taxes
promptly for better relations this year.
Mr Ralph Tuffuor of Midland International Limited on behalf
of the companies expressed appreciation for the gesture and
said it would enhance cash flow for the companies.
GNA
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