Sol cement

Ofori-Atta Visits SOL Cement Following Closure Over GH¢700M Tax Default
06 Nov

Ofori-Atta Visits SOL Cement Following Closure Over GH¢700M Tax Default

Wontumi1Business,
The Ghana Revenue Authority (GRA) has demanded that SOL Cement’s managers in Tema settle at least 40 percent of their outstanding liabilities before allowing the company to resume operations. The GRA closed the cement factory two weeks ago due to GH¢700 million in tax defaults, including VAT. The company was cited for VAT infractions, corporate income tax, and penalties after a tax audit by the GRA’s tax enforcement. It failed to pay taxes for more than two years and has been asked to settle the amount within 10 days. Kwabena Gyambra, the Commissioner of Domestic Taxes, noted that the company’s…
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We’re Indebted To Ghana Revenue Authority For Unpaid Taxes – Sol Cement Admits
24 Oct

We’re Indebted To Ghana Revenue Authority For Unpaid Taxes – Sol Cement Admits

Wontumi2Business,
Chinese cement manufacturing firm, Sol Cement, has acknowledged its indebtedness to the Ghana Revenue Authority for failing to honour its tax obligations. In a press release sighted by GhanaWeb Business, it said it is committed to resolving the matter in a responsible and timely manner. It further said relevant tax authorities have been engaged to develop a structured repayment plan that aligns with their financial capabilities and ensure their tax obligations were met. Sol Cement's comment comes after the revenue arm of government closed the manufacturing firm for tax default amounting to more than GH¢700 million. “We acknowledge that we are indebted to the Ghana…
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GRA Closes Chinese Company Sol Cement For ₵700M Tax Default
23 Oct

GRA Closes Chinese Company Sol Cement For ₵700M Tax Default

Wontumi1Business,
The Ghana Revenue Authority (GRA) has closed down a Chinese cement manufacturing company, Sol Cement, for not paying taxes. The company is estimated to owe over ₵700 million. The Tax Enforcement Team of the GRA went to the site of the company to lock it up after conducting a tax audit. Sol Cement was cited for VAT infractions, CIT penalties, and others which have not been paid for more than two years. Besides the closure, the GRA has also issued a restraining order to prevent owners and/or employees of the company from accessing the premises. The leader of the operations,…
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