Akufo-Addo’s U-turn on KPMG report not surprising – MFWA

The Executive Director of the Media Foundation for West Africa (MFWA), Sulemana Braimah, says the decision by President Akufo-Addo to release the full KPMG report is not surprising.

The report indicated that from September 1, 2020, to April 30, 2021, a bulk payment to SML covering invoices for eight months, did not have Value Added Tax (VAT) and Withholding Tax (WHT) deductions amounting to GH¢13.38 million.

It stated that this contradicts GRA’s standard practice of deducting such taxes for payments to SML between June 1, 2020 and August 31, 2023.

Again, the report disclosed that the SML failed to fulfil its statutory obligations by neither filing returns nor remitting the taxes to GRA.

In a social media post [X], Mr Braimah stated that the President’s decision to release the report is “not surprising”.

He also urged the Presidency to better understand the exemption provisions to avoid similar situations in the future.

KPMG Report: The U-turn by the President isn’t surprising. It’s good they realised they were wrong in hinding behind exemptions to refuse our request. I urge the Presidency to try and have a better understanding of the exemptions provisions to avoid future U-turns

— Sulemana Braimah (@sulemana) May 22, 2024

——————

 

Explore the world of impactful news with CitiNewsroom on WhatsApp!

Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https://whatsapp.com/channel/0029VaCYzPRAYlUPudDDe53x

No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital

 

The post Akufo-Addo’s U-turn on KPMG report not surprising – MFWA appeared first on Citinewsroom – Comprehensive News in Ghana.