The South African government has called on MTN, GRA to resolve the tax liability dispute amicably
South Africa’s Minister of International Relations and Cooperation, Dr. Naledi Pandor encouraged MTN to work with the authorities in Ghana to devise a solution to the ongoing tax liability dispute.
The minister in a statement regretted the consequences of the dispute.
“This poor situation has led to disinvestment in some African markets by major South African companies such as Shoprite, Game, Mr. Price, Foschini, Woolworths, Tiger Brands, Sasol-Chemicals, Sasol-Gas, Group Five, Murray and Roberts, Metrolife. Group, Telkom, Southern Sun, Protea Group, just to name a few.
“The disinvestment has a devastating effect on job opportunities, poverty and inequality in particular, and GDP growth in general. The Minister calls on the parties involved to do everything to find a good solution to the reported challenges.
“Our common destiny as outlined in the aspirations of Agenda 2063 depends on intra-African collaboration and win-win cooperation. The South African Government is committed to promoting South African investment in Ghana in particular and in the continent in general,” added the Minister.
The Minister has previously held meetings with Chief Executive Officers of South African companies investing and operating on the African continent.
“They report increasing difficulties ranging from poor market conditions and inconsistent regulatory frameworks, inconsistent tax regimes, repatriation of funds, and late debt repayments. The main concern is that competitors of South African companies from other parts of the world will not faced with the challenges faced by South African companies.
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