MTN shares slump on Ghana tax dispute
The company says it disputes the ‘accuracy and basis of the assessment, including the methodology used in conducting the audit’
16 January 2023 - 11:30
UPDATED 16 January 2023 - 19:26
MTN has just more than two weeks to reach a resolution with Ghanaian tax authorities over a possible R13bn dispute that has hobbled its share price.
On Friday MTN announced that it was facing a tax assessment by the Ghana Revenue Authority (GRA) for about 8.2-billion cedi ($773m), which includes penalties and interest charges. The Ghanaian government alleges that the mobile operator underdeclared its revenue by 30% between 2014 and 2018. ..
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