MTN Ghana hit with bill of $773 mln for back taxes.
JOHANNESBURG, Jan 13 - The Ghanaian subsidy of South African mobile operator MTN Group
has received a bill for back taxes of around $773 million, including penalties and interest charges, the parent company said on Friday.with the bill after auditing it for the years 2014 to 2018 and inferring that the company under declared its revenue by about 30% during the period, MTN said in a statement.
The carrier, which has a presence in 19 countries in Africa and the Middle East, said it disputes the "accuracy and basis" of the assessment and that it would fight it. "MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to defend MTN Ghana's position on the Assessment," the company said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTN will “vigorously” fight R11.5 billion Ghana tax claimGhana’s tax authority has slapped MTN with an R11.5 billion back-tax bill, including penalties and interest, which the operator has vowed to fight.
Read more »
MTN vows to fight R13-billion tax claim in GhanaMTN Group has encountered significant turbulence in one of its more important markets, Ghana in West Africa.
Read more »
MTN’s partnership with Microsoft is key to its evolution from Telco to TechCoMTN Group’s strategic alliance with Microsoft allows the company to offer a broader range of value-added solutions.
Read more »
MTN’s partnership with Microsoft to transform South African SME sectorThe South African SME sector continues to experience strong growth and has increasingly relied on technology to achieve this – particularly given how the pandemic changed the business landscape.
Read more »
LAUNCH DATE: Ghana’s new national airline to start flights in third quarterGhana’s new national airline will begin operations in the third quarter of this year, 13 years after the country’s second state-owned carrier stopped flights.
Read more »
Rwanda: Why Some Plots of Land in Kigali Will Be Exempt From TaxPlots of land in the City of Kigali recently turned into residential zones but have not yet acquired basic infrastructure to facilitate planned settlement are likely to be exempted from paying taxes, officials have said.
Read more »