Cement News tagged under: tax dispute

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Sol Cement to cease trading until it pays 40% of its tax bill

10 November 2023, Published under Cement News

The Ghana Revenue Authority (GRA) has directed Sol Cement in Ghana to settle at least 40 per cent of the company’s outstanding tax debt before it can resume operations. The GRA closed the cement plant two weeks ago due to the company’s defaulting on tax payments of GH7S09m (US$60.6m), including value added tax. Sol Cement has had difficulties in meeting its tax obligation, especially as significant volumes of raw materials are imported forts cement production. “We will allow them to re...