Sol Guyana Inc. (Sol), in a statement today, said while it fully respects the judicial process, it disagrees with the recent High Court ruling ordering the company to pay over $2.1 billion in excise taxes to the Guyana Revenue Authority (GRA).
In this regard, the company said it will be exercising its legal right to appeal.
“Guided by its core values of Integrity, Respect, Safety, and Community, Sol affirms that it is fully compliant with its legal and fiscal obligations in Guyana and all of the countries in which it operates. The company remains committed to fulfilling its obligations in accordance with the law and upholding its broader legal and corporate social responsibilities,” the company said in a statement.
The High Court on Friday last ordered the petroleum importer to pay the GRA over $2.1 billion in excise taxes, after ruling that the company wrongfully held back a large quantity of tax-exempt fuel that should have been delivered to ExxonMobil Guyana.
The ruling was handed down by Justice Nareshwar Harnanan, who found SOL in breach of its obligation to deliver a full consignment of fuel imported under a special tax arrangement linked to the oil giant’s operations.
Discover more from INews Guyana
Subscribe to get the latest posts sent to your email.
