Home   >   Business   >   Business News   >   201807
Eight (8) OMCs Suspended For Tax Evasion   
  << Prev  |  Next >>
Comments ( 0 )     Email    Print
Related Stories
The National Petroleum Authority (NPA) has suspended eight Oil Marketing Companies (OMCS) and Bulk Distribution Companies (BDCs) for their “involvement in activities that led to loss of tax revenue to the Government of Ghana”.

While Union Oil Ghana Limited, Agapet Limited, Excel Oil Company Limited, Misyl Energy Company Limited and Globex Energy Company Limited were suspended for one month, Petro Afrique, Life Petroleum and Unique Company Limited were handed three months suspension.

The sanctions are effective 28 July 2018.

The oil marketing companies have been directed to desist from engaging in the sale, supply, transportation, discharge and receipt of petroleum products for the duration of their suspension.

This was contained in a press release from the NPA which was dated 24 July, 2018.


Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video