Africa’s largest mobile operator MTN Group is rolling out tax technology across all its operating companies to increase compliance. MTNGroup
Africa’s largest mobile operator MTN Group is rolling out tax technology across all its operating companies to increase compliance.
The tax contribution included corporate, taxes, withholding and payroll taxes, operating license fees and other payments to government authorities.MTN Group chief financial officer, says: “Full implementation of the tax provisioning system is ongoing.“We completed the end-to-end process automation of the tax provisioning system for MTN South Africa’s operating company . We plan to carry out a similar end-to-end process of the tax provisioning system automation across all our opcos.
Molefe comments: “Tax legislation is often subject to interpretation, particularly in the absence of established case law, and as such, creates areas of uncertainty on which management is required to make judgements.” Earlier this year, MTN Group was at odds with the Ghana Revenue Authority over a $773 million tax claim, the matter was subsequently withdrawn after ‘extensive and productive discussions’, the telco told shareholders.
In a recent interview with ITWeb, Peter Takaendesa, head of equities at Mergence Investment Managers, said policies in some countries are unpredictable, applied retrospectively and, in some cases, there is enforcement that “appears entirely unfair, such as changing tax calculation methodology long after the assessment period, or changing the interpretation of laws just to plug government revenue holes.
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