Tullow Pays $313.5m in Taxes To Ghana
Tullow Has Announced It Paid Government Of Ghana A Total Of 313.5 Million Dollars In Taxes In 2014.
The cash comprises both direct and indirect taxes.
Of the 313.5 million dollars 115 million dollars went into income tax, 43.5 million dollars went into withholding tax, while 4.6 million dollars and 3.8 million dollars went into custom duties and Value Added Tax (VAT) respectively.
63 million dollars was paid for the TEN carry for Ghana National Petroleum Corporation (GNPC).
Tullow also paid 16.2 million dollars in PAYE and national insurance.