MTN NIGERIA DRAGS FIRS TO TRIBUNAL OVER TAXATION OF N330BN FINE

MTN Nigeria Communications Plc has said its tax dispute with the Federal Inland Revenue Service (FIRS) is before the Tax Tribunal set up by FIRS Chairman, Tunde Fowler and Minister of Finance, and are awaiting a decision.

In a statement, the telco said: “Our attention has been drawn to media reports regarding the status of taxes relating to the 2015 fine imposed on MTN Nigeria Communications Plc (MTN). We acknowledge that there is a technical disagreement between MTN and the Federal Inland Revenue Service (FIRS) as to how the fine should be treated for tax purposes. However, while the monies have been paid to FIRS, we have taken the disagreement to the Tax Tribunal set up by FIRS Chairman and Minister of Finance, and are awaiting a decision.”

“MTN remains fully compliant with Nigerian tax laws and will abide by the findings of the tribunal. The company is committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria.”

Since incorporation in 2001, MTN has invested more than N2 trillion into the economy and has paid more than N1.7 trillion in taxes, levies and other regulatory fees.