Nigeria hits MTN with $2 Billion Tax Bill
Quote from Ndubuisi Ekekwe on September 4, 2018, 4:03 PMMTN Nigeria's problems seem to be escalating. The government has sent a $2 billion tax bill to the mobile giant, Premium Times reports.
The Nigerian government has slammed South African telecoms giant, MTN Group, with a $2 billion tax demand.
The new tax bill incurred by the telecom firm over the last decade comes amid controversies generated by the government’s directive to MTN to hand over $8.1 billion it accused the firm of illegally sending abroad with the collusion of four banks.
MTN said it had been in talks with Nigeria’s Attorney-General, Abubakar Malami, over concerns around tax compliance; but it was billed all the same.
The company in a statement said it was billed for importation of foreign equipment and payments to foreign suppliers, all spread across a period of about ten years
MTN Nigeria's problems seem to be escalating. The government has sent a $2 billion tax bill to the mobile giant, Premium Times reports.
The Nigerian government has slammed South African telecoms giant, MTN Group, with a $2 billion tax demand.
The new tax bill incurred by the telecom firm over the last decade comes amid controversies generated by the government’s directive to MTN to hand over $8.1 billion it accused the firm of illegally sending abroad with the collusion of four banks.
MTN said it had been in talks with Nigeria’s Attorney-General, Abubakar Malami, over concerns around tax compliance; but it was billed all the same.
The company in a statement said it was billed for importation of foreign equipment and payments to foreign suppliers, all spread across a period of about ten years