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$77-millin tax dispute: SA calls on MTN, Ghana to resolve

$77-millin tax dispute: SA calls on MTN, Ghana to resolve

SOUTH Africa's foreign minister Naledi Pandor called on mobile operator MTN Group and the Ghana Revenue Authority to find a solution to a $773 million tax dispute. Earlier this month MTN said the Ghana Revenue Authority issued the company's subsidiary MTN Ghana with a bill for back taxes after auditing it for the years 2014 to 2018 and inferring that it had under-declared its revenue by about 30% during the period. MTN, which has a presence in 19 countries in Africa and the Middle East, said at the time that it disputed the "accuracy and basis" of the assessment and that it would fight…
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MTN Ghana hit with bill of $773 million for back taxes

MTN Ghana hit with bill of $773 million for back taxes

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. The Ghana Revenue Authority issued MTN Ghana 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…
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