MTN Nigeria to Appeal $47.8 million Tax Bill
MTN Nigeria woes increased after tax authorities asked it to pay an additional amount following an assessment.
The company will challenge the order by the Nigerian Tax Tribunal to pay $47.8 million in taxes. The evaluation pertains to a value-added tax assessment for the periods covering 2007 and 2010-17, as issued by the Federal Inland Revenue Service (FIRS) it said.
The transactions in question involve the alleged VAT payable on offshore training services provided to employees of the Company, transponder services provided by a non-resident company, and software licensing and upgrades, MTN Nigeria said.
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