MTN Ghana hit with bill of $773 million 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.

These African countries use South African companies as ATMs.

URAuganda mofpedU BOU_Official you can borrow a leaf

NAkufoAddo Tuesday

NAkufoAddo & oofmghana looking 4ways to fund 30% increment to public sector wages.every act from this government is shameful and GhanaRevenue allowing themselves 2 b used as a tool.With this level of state capture, it'll be interesting 2 see what happens when they leave power

Do you know they have changed their logo?

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