Tag: Special Petroleum Tax
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Scrap special petroleum tax – Wereko-Brobby urges govt
A former CEO of the VRA, Dr. Charles Wereko Brobby has impressed on government to scrap the special petroleum tax in order to relieve consumers of the burden of escalating petroleum prices. He maintains that consumers will continue to bear the brunt despite attempts to review the mode of calculating the tax. Dr. Wereko Brobby’s…
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Industry intensifies pressure to get 15% petroleum tax scrapped
Analysts have intensified appeals for government to scrap the Special Petroleum Tax on petroleum products. They argue this will give more meaning to attempts to reduce the plight of consumers following rising global oil prices. The comments follow a recent NPA announcement of a seventy percent reduction in the price recovery and stabilization levy calculated…
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OMCs want tax payment date extended
Oil Marketing Companies (OMCs) are appealing for an extension of the payment date of some taxes. The OMCs contend that the current twenty-one day period for payment of taxes such as the Special Petroleum Tax, is adversely impacting their operations. According to the CEO of the Association of Oil Marketing Companies (AOMCs), Mr. Kwaku Agyeman…