GHANA TAX
MTN an easy target for a shakedown in Ghana
West African nation recently secured a $3bn rescue package from the IMF
20 January 2023 - 05:06
Market players see MTN’s potential R13bn tax bill in Ghana as a shakedown of a multinational company by a cash-strapped government — or a fishing expedition at the least.
Last week, MTN, with a market capitalisation of R256.28bn, 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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