Tag: REVENUE LEAKAGES IN GHANA
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AOMCs call on government to address revenue leakages in petroleum sector
The Association of Oil Marketing Companies is calling on the government agencies to do all they can to address all inadequacies in the petroleum sector which cause the country to lose revenue. According to the association, many of its members who are tax compliant are forced out of business by their non-compliant counterparts offering outrageous…
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Government must tackle tax evasion to boost revenue – AOMCs
The Association of Oil Marketing Companies believes government may not have to introduce new taxes on petroleum products if steps are taken to address the issue of tax evasion. A recent report by the Chamber of Bulk Oil Distributors (CBOD) revealed that Ghana lost GH₵1.9 billion to tax evasion in 2019. Speaking to Citi Business…