Afrigather MTN has introduced that Ghanaian tax authorities have withdrawn the tax liability case they’d leveled towards the pan-African telco on 13 January, 2023. The Ghana income authority had slapped MTN Ghana with a GHS8.2 billion (~$665 million) positive, citing unpaid again taxes.
In an announcement printed on the Johannesburg Inventory Trade information service (SENS) of February 3,2023, MTN acknowledged that the withdrawal got here after intensive discussions between itself and the related Ghanaian authorities.
“Shareholders are suggested that following intensive and productive discussions held throughout this 21-day interval between MTN Ghana, MTN and related authorities in Ghana, the GRA has on 03 February 2023 absolutely withdrawn the [tax liability] evaluation,” the assertion learn.
In accordance with the Ghanaian authorities on the time, the invoice towards MTN was for unpaid taxes for the interval between 2014 and 2018 throughout which era the telco had allegedly under-declared its income in its Ghana operations by as a lot as 30%.
Following the announcement of the invoice, MTN has denied any wrongdoing on its half, stating that, “MTN Ghana believes that the taxes due have been paid through the interval beneath evaluation and has resolved to vigorously defend MTN Ghana’s place on the evaluation.”
The Ghana Income Authority (GRA) then briefly withdrew the legal responsibility evaluation to offer a 21-day timeline to permit for additional engagements between the events which led to the case being dismissed immediately.
Main telcos throughout the continent have been embroiled in tax bother in latest instances. In December 2022, Vodacom noticed their places of work within the Democratic Republic of Congo sealed because of failure to pay a $243 million tax bill and MTN itself received a $2 billion tax case led to by Nigerian authorities in 2019.
