We’re committed to fulfilling tax obligations – Sol Cement

Wan Heng Ghana Limited, producers of Sol Cement, has given assurance that they are committed to fulfilling their tax obligations in Ghana.

This follows the closure of the Chinese-owned cement manufacturing firm by officials of the Ghana Revenue Authority (GRA) for tax default amounting to more than GHC700 million.

The company was cited for VAT infraction including corporate income tax and penalties after a tax audit by the GRA. It failed to pay taxes for more than two years and has a 10-day ultimatum to settle it.

The company in a statement issued on Monday (23 October) apologised, assuring that it will meet its tax obligation.

“We acknowledge that we are indebted to the Ghana Revenue Authority for unpaid taxes. We are fully committed to resolving this matter in a responsible and timely manner,” the company’s statement said.

“We want to reassure our valued customers, stakeholders, and the public that we are taking immediate and proactive steps to address this issue. We are in discussions with relevant tax authorities to develop a structured repayment plan that aligns with our financial capabilities and ensures that our tax obligations are met.

“SOL Cement remains dedicated to its mission of contributing to the growth and development of Ghana. We understand that paying our taxes is an essential part of fulfilling this commitment. We apologize for any concerns or inconveniences this situation may have caused, and we promise to keep all our stakeholders informed throughout this process,” the statement added.

Source: asaaseradio