MTN Ghana hit with bill of R13bn for back taxes

The Ghanaian subsidy of South African cell operator MTN Group has gained a bill for again taxes of all over $773 million (R13 billion), which includes penalties and curiosity fees, the dad or mum organization mentioned on Friday.

The Ghana Income Authority issued MTN Ghana with the bill following auditing it for the several years 2014 to 2018 and inferring that the enterprise under declared its profits by about 30% for the duration of the time period, MTN claimed in a assertion.

The provider, which has a presence in 19 countries in Africa and the Center East, said it disputes the “accuracy and basis” of the evaluation and that it would combat it.

“MTN Ghana believes that the taxes due have been paid out all through the interval below evaluation and has settled to protect MTN Ghana’s position on the Assessment,” the enterprise said.