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.
_Business Well they double Debit order you and don't pay the money back either
_Business MTN , Vodacom , Cell C ,Telkom and rest the of telecommunications companies in 🇿🇦 they must watch Telecommunications Expo 2022 Embedded World it features new designs innovation for networking, WiFi 5G uninterrupted wireless data with excellent coverage.
_Business Here we go again 🙄
_Business In the end it will be South Africans paying for those penalties with our unregulated data prices, poor us…we don’t have a government 😭
_Business Took MTNza almoat a year to reimburse me for fraudulent debit orders, so yes, I think they're guilty.
_Business No wonder africa will always be a backwater and consumers there will always be screwed! Who would ever want to do business there
_Business Damn!!
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Source: ReutersAfrica - 🏆 31. / 53 Read more »