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A PRESS STATEMENT ON THE DEFAULT IN TAX PAYMENT PUBLISHED BY THE 2018 AUDITOR-GENERAL\u2019S REPORT; ISSUED BY HILLS OIL MARKETING COMPANY LIMITED <\/strong><\/p>\n Hills Oil Marketing Company has observed with Hills Oil Marketing finds these allegations as We assure our customers, stakeholders and the Signed<\/strong><\/p>\n General Manager<\/strong><\/p>\n Hills Oil Marketing Company Limited<\/strong><\/p>\n 15th<\/sup> August 2019<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The company says it is innocent of the allegations levelled against it A PRESS STATEMENT ON THE DEFAULT IN TAX PAYMENT PUBLISHED BY THE 2018 AUDITOR-GENERAL\u2019S REPORT; ISSUED BY HILLS OIL MARKETING COMPANY LIMITED Hills Oil Marketing Company has observed with concern, media reports and misrepresentations made by sections of the public from the 2018 […]<\/p>\n","protected":false},"author":1,"featured_media":682399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-682398","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
\nconcern, media reports and misrepresentations made by sections of the public
\nfrom the 2018 report of the Auditor- General\u2019s Department suggesting inter alia:<\/p>\n\n
\nCompany has defaulted in the payment of excise duties, taxes and levies
\namounting to GHS 64,024.80.<\/li>\n<\/ol>\n\n
\nliable to penalty\/interest on delayed payment of excise duties amounting to
\nGHS13,809.70 on petroleum products lifted;<\/li>\n<\/ul>\n
\nunfortunate and undesirable and views them as factual inexactitude and
\ntherefore, wishes to clarify the issue.<\/p>\n\n
\nreported tax liability of GHS 64,024.80 is alien to Hills Oil; considering that
\nthe records available to Hills Oil does not indicate any such liability of GHS
\n64,024.80 payable to the Ghana Revenue Authority as excise duties, taxes and or
\nlevies. <\/li>\n<\/ol>\n\n
\nplace on record that penalty\/interest on delayed payment of excise duties
\namounting to GHS13, 809.70 on petroleum products lifted has been paid.\u00a0 A simple post-audit examination
\nwould have confirmed this. <\/li>\n<\/ul>\n\n
\norder that we can resolve this matter expeditiously, Hills Oil Company has provided the Customs Division of the
\nGhana Revenue Authority and the Auditor General\u2019s Department with all
\nsupporting documents attesting to full payment of its excise duties, taxes and
\nlevies on petroleum products lifted at the Tema Oil Refinery. \u00a0\u00a0<\/li>\n<\/ul>\n\n
\nrequested the Customs Division of the Ghana Revenue Authority to bring this
\nmatter to an expeditious conclusion to forestall any further
\nmisrepresentation.\u00a0 <\/li>\n<\/ul>\n
\npublic that, as a licensed oil marketing company, our compliance with the
\nregulations of the petroleum industry and the laws of Ghana remains unrivalled
\nas we cooperate fully with regulators.<\/p>\n