MTN, Africa's largest wireless carrier, said it's received a $773 million back-tax bill, including penalties and interest charges, in Ghana that it plans to fight. | News24_Business
The bill is for the period between 2014 and 2018 and implies that MTN under-declared its revenue in the country by 30%, the company said in a statement on Friday. MTN said it received the notice this week.
Africa's largest wireless carriers are increasingly caught up in tax disputes on the continent. MTN was victorious in a conflict in Nigeria in 2020 when the government had to drop a $2 billion claim for back taxes following a 16-month battle. More recently, Vodacom has been embroiled in a controversial tax demand in the Congo that saw the government seal parts of its offices and freeze its bank accounts.
Florence Asante, a spokesperson for the GRA, said she couldn't immediately comment when reached by phone.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.Ghana, which lost access to the international capital markets due to its ballooning debt and loan service costs, suspended interest payments on its external debt last month.
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