MTN to appeal against R1.4bn tax bill in Nigeria
MTN Nigeria says the matter has to do with the Tax Appeal Tribunal’s decision to uphold a principal VAT liability of $47.8m
30 October 2023 - 16:46
MTN will appeal against a decision by Nigerian tax authorities as the group finds itself in yet another dispute in the West African nation, continuing a slide in the group’s share price.
Last week, Bloomberg reported that the Lagos-based Tax Appeal Tribunal (TAT) ordered MTN to pay $72.6m (about R1.4bn), according to documents verified by two government officials. ..
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