FG demands $2bn tax from MTN Group

Tax Default Allegation: Court To Hear MTN’s Suit Dec 3

A Federal High Court, Lagos has fixed the hearing of a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation’s (AGF’s) challenging the legality of N242 billion and $1.3 billion import duties and withholding tax assessment. The decision of Justice Chukwujekwu Aneke hearing all pending applications by the telco on the […]

FG Demands $2Bn Tax From MTN Group, Telco Denies Liability

The Federal Government has served a$2 billion tax notice on MTN Group being the telcos computed tax liabilities over the past decade. A news sourced from Reuters.com indicated that the announcement of the tax bill incurred over the last decade came a few days after the Central Bank of Nigeria (CBN) ordered MTN’s Lagos-based unit […]