Telecoms: MTN Nigeria to pay $72.5 million in tax arrears

Following the verdict of the Lagos State Tax Appeal Tribunal, MTN Nigeria Communications to settle the sum of $72.5 million in tax arrears to the Federal Revenue Service (FIRS). This sum, corresponding to non-repayment, covers the period from 2007 to 2017. The dispute began in May 2018, when the Office of the Federal Attorney General published a report on certain tax declarations of MTN Nigeria for the financial years 2007 to 2017, particularly with regard to VAT and certain withholding taxes.

Source: Africa News Agency

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