PAYMENT OF CORPORATE INCOME TAX BY JUBILEE PARTNERS IN 2012-2018
|
VALUE DATE |
ORDERING INSTITUTION |
AMOUNT PAID (US$) |
NARRATION |
|
|
2012 |
Tullow |
40,210,099.56 |
2012 - Q4 |
|
|
2013 |
Tullow |
39,026,706.00 |
2013 - Q1 |
|
|
2013 |
Kosmos |
15,921,230.00 |
2013 - Q1 |
|
|
2013 |
Anadarko |
23,906,871.00 |
2013 - Q1 |
|
|
2013 |
Tullow |
17,986,677.00 |
2013 - Q2 |
|
|
2013 |
Kosmos |
20,862,618.00 |
2013 - Q2 |
|
|
2013 |
Anadarko |
14,302,730.00 |
2013 - Q2 |
|
|
2013 |
Tullow |
9,685,889.00 |
2013 - Q3 |
|
|
2013 |
Kosmos |
18,220,994.00 |
2013 - Q3 |
|
|
2013 |
Anadarko |
16,861,683.00 |
2013 - Q3 |
|
|
SUB-TOTAL 216,985,497.56 |
||||
|
24-Jan-14 |
Kosmos GH |
15,431,379.00 |
Q4 2013 |
|
|
30-Jan-14 |
Anardarko |
48,624,836.00 |
Q4 2013 |
|
|
30-Jan-14 |
Tullow GH |
41,048,728.00 |
Q4 2013 |
|
|
23-Apr-14 |
Kosmos GH |
13,135,763.00 |
Q1 2014 |
|
|
28-Apr-14 |
Tullow GH |
15,532,675.00 |
Q1 2014 |
|
|
29-Apr-14 |
Anardarko |
17,341,575.00 |
Q1 2014 |
|
|
27-Jun-14 |
Tullow GH |
10,471,629.83 |
2013 Add. Tax |
|
|
08-Jul-14 |
Anadarko |
43,843 |
2013 Add. Tax |
|
|
29-Jul-14 |
Tullow GH |
27,282,219.48 |
2014 - Q2 |
|
|
28-Jul-14 |
Kosmos |
56,619,898.00 |
2014 - Q2 |
|
|
28-Jul-14 |
Anadarko |
18,360,627.00 |
2014 - Q2 |
|
|
30-Oct-14 |
Tullow GH |
20,653,018.05 |
2014 - Q3 |
|
|
SUB-TOTAL 284,546,191.36 |
||||
|
28-Jul-15 |
Kosmos |
11,617,384 |
2015 – Q3 |
|
|
29-Oct-15 |
Kosmos |
112,723 |
|
|
|
28-Dec-15 |
Anadarko |
8,680,725 |
|
|
|
SUB-TOTAL 20,410,832 |
||||
| 27-Jan-16 | Kosmos | 2,027,780 | 2015-Q4 | |
| 29-Apr-16 | Kosmos | 204,770 | 2016-Q2 | |
| Dec-16 | Tullow | 27,314,273 | 2011 - 2014 TAX AUDIT and ADD. ASS'MT | |
| Sub TOTAL 29,546,823 | ||||
| H1 – 17 | Kosmos | 22,073,745 | 2011 - 2015 TAX AUDIT and ADD. ASS'MT in H1 | |
| H2 - 17 | Kosmos | 12,043,194 | 2011 - 2015 TAX AUDIT and ASS'MT in H2 | |
| Oct-17 | Kosmos | 2,840,683 | 2017 – Q3 | |
| SUB-TOTAL 36,957,622 | ||||
| 2018 | Tullow | 52,000,000 | 2018 - Q ASS'MT | |
| 2018 | Anadarko | 37,475,753 | 2018 - Q ASS'MT | |
| Anadarko* | 12,726,739.73 | 2011 - 2015 TAX AUDIT | ||
| 2018 | Kosmos | 35,934,289 | 2018 - Q ASS'MT | |
| 2018 | PetroSA | 9,665,600.53 | 2018 - Q ASS'MT | |
| Q3 - 17 | PetroSA* | 761,229 | 2017 – Q3 ASS'MT | |
| SUB-TOTAL 148,563,611.2 | ||||
|
GRAND TOTAL: 737,010,577.1 |
||||
Source: GRA, 2018
The GRA was unable to assess and collect any Capital Gains Tax (CGT) on the assignment of interest transactions that took place in 2012 between EO Group and Tullow Oil as well as Sabre Oil and Gas and PetroSA. This was because tax laws affecting operations in the upstream petroleum sector at the time contained no provisions for CGT. However, the respective Petroleum Agreements (PA) signed between the GoG and the various oil companies prohibit the use of the provisions of any other law which is inconsistent with the Petroleum Income Tax Law. Therefore, GRA could not use the provisions of Internal Revenue Act 2000 (Act 592) to assess any CGT on the beneficiaries of the transfers. Tullow is desputing its US$27 million payment following the 2011-2014 tax audit by GRA.
