TONGAI-AZONTO Ltd has to settle Ghana Revenue Authority on the following tax liabilities: GH Custom duties 2,000,000
Question:
TONGAI-AZONTO Ltd has to settle Ghana Revenue Authority on the following tax
liabilities: GH¢
Custom duties 2,000,000
Withholding Tax Surcharge 160,000
Value Added Tax 1,00,000
Corporate Tax 200,000
Total Liability 3,360,000
Additional Information:
50% of the Value Added Tax relates to imports. The above came about from adjusted assessment through an audit conducted and a report submitted on 31 January, 2019.
The company has engaged Miracle Consultants, a firm of Tax Practitioners to help it object to the assessment. It claims it is excessive and erroneous based on its facts and circumstances.
Required:
What conditions must be met by TONGAI-AZONTO Ltd before the Commissioner-General makes a determination on the objection.