MTN Bags $2 billion Tax Arrears
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MTN Again Suffers another heavy fine from the Nigerian Government Is this the end to MTN? Find out
It has been the talk of town now over the controversial Tax Arrears levied on South African telecommunications company MTN. This report came in as the Government of claims the company is owing the government $2 billion in back taxes related to the import of foreign equipment and payments to suppliers over the past 10 years, according to a statement by the company.
We can recall that about two weeks ago, MTN Nigeria was asked to return $8.1 billion by Nigeria’s central bank, which it was alleged to have illegally taken out of the country.
Although the company has since refuted the accusation, it also believes it has settled all tax obligations to the Nigerian government.
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