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Thursday 28 March 2024

2021-03-16

[I] UK defends Oxford Covid vaccine over fears of blood clots
[N] COVID-19: Continue using AstraZeneca vaccine – WHO
[S] Preko: Expect a very competitive 2nd round
[S] Clubs owe coaches five months’ salary
[S] Legon Cities: Asamoah Gyan investment has yielded good returns
[B] Pursue demands through negotiation, arbitration – Telcos told
[A] Tension in Dixcove following beating of chief to pulp
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby
[A] Apam: Burial service for drowned teens to be held today
[N] Publisher, Badu Nkansah, apologises for ‘offensive Ewe’ textbooks
[N] Parliament’s Volta Caucus condemns ethnocentric publication in history book
[N] Ghanaians to pay tax for Covid-19 ‘free water’ enjoyed to fill economic gap

2021-03-15

[N] NaCCA orders withdrawal of unapproved textbooks
[B] Ghana prepares to issue $5 billion Eurobond
[N] Brain tumor patient appeals for GH¢ 30,000.00 for surgery
[N] AIMS Forum to mark International Mathematics Day
[N] Tema Sewer System: Ambitious project to address predicament
[N] A 21-year-old man stabbed to death at Effia
[N] Estate developers laud government’s decision to aid rent advance payments
[N] Let’s prioritize STEM; It’s the new niche for education policy – Ntim Fordjour
[N] 12 new deaths push toll 679; active cases now 3,994
[N] Over 400,000 Ghanaians vaccinated so far – Oppong Nkrumah
[N] Prof Allotey’s 9 Aug birthday must be made National Maths Day – Prince Armah
[N] Telecom workers to embark on strike from today
[N] NDC won the 2020 election hands down – Hannah Bissiw claims
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson
[N] Asiedu Nketia should be NDC running mate for NDC victory 2024 – Atubiga
[N] Rawlings kept over 20 wild dogs at his Ridge Residence alone – Hannah Bissiw

2021-03-14

[A] Kinaata’s Things Fall Apart can’t be called a gospel song
[S] Boxing legend ‘Marvellous’ Marvin Hagler dies aged 66
[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[S] What I’m seeing in training is massive–Mubarak Wakaso
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[N] NEWSPut ‘petty politics’ aside and support Akufo-Addo, Bawumia
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[S] Tribute: Henry Atta Ameyaw paid his dues to Hearts of Oak
[S] Why Wilfried Zaha has decided against taking the knee in Premier League games
[S] GFA fix new date for start of second round
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General News

[ 2017-03-20 ]

Goldfields pays 0.5 billion cedis in taxes for 2016
Goldfields Ghana Limited has emerged as the
largest taxpayer for the government of Ghana in
2016.

The mining firm paid 501 million cedis (0.5
billion cedis) in direct and indirect taxes to the
Ghana Revenue Authority (GRA).
Of the amount, Royalties accounted for the
highest.

The company paid 196 million cedis in Royalties
representing 39.12 percent of the total tax
amount.

The second highest was Corporate tax which
accounted for 159 million cedis representing 32
percent.

This was followed by Pay as you earn (PAYE) and
Withholding taxes with 94 million and 52 million
cedis respectively.

In March 2016, the government granted tax and
royalty concessions to Gold Fields Ghana Limited.

This was part of the stability agreement reached
after three year talks with the government to ease
its tax burden on Gold Fields.

The stability agreement Citi Business News
understands will help Gold Fields in saving some
33million dollars at its two mines which will feed
into its deliberations about the future of its
Damang mine.

In an interview with Citi Business News the Chief
Executive Officer and Executive Director of Gold
Fields Nick Holland said the agreement is a
win-win for the company and Ghana.

Meanwhile the GRA has announced plans to clamp
down on the tax evasion by some mining companies.

In a recent interview with Citi Business News, the
Head of Special Revenue Mobilisation task force,
Henry Sam said his outfit will be reconciling the
amount of taxes paid by the suppliers of mining
equipment with refunds claimed under the law.

The suppliers in 2016, claimed over 500 million
cedis in refunds.

Source - citibsinessnews.com



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