Common Utility Board presented 6.9 million TOP to the Government
Radio & TV Tonga, Nuku’alofa, 5/12/2018
The Common Utility Board of Directors presented their dividend to the Government of Tonga yesterday.
The dividend declaration was presented during the Common Utility Board’s Annual General Meeting following a successful financial performance by Tonga Power Ltd, Tonga Water Board, Waste Authority Ltd and Tonga Gas /Home Gas Ltd for the financial year which ended on June 30th.
This also marks another record for the amount of tax payable to Government of 2.3 million pa’anga with the utilities including Tonga Gas and Home Gas Limited.
The Tax Payments are being paid individually to the Ministry of Inland Revenue from each utility’s annual return.
The total payment to the Government for the year 2017/2018 from the dividend was 4.6 million pa’anga plus the tax of more 2.3 million pa’anga which brings a total of 6.9 million pa’anga paid to the Government.
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