Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) - Phones - Nairaland
Nairaland Forum / Science/Technology / Phones / Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) (3785 Views)
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| Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 2:26am On Jan 14, 2023 |
MTN, Africa’s largest wireless carrier, said it has received a GHS 8.2 billion, R11.5 billion, N350 billion back-tax bill, including penalties and interest charges, in Ghana that it plans to fight. The bill is for the period between 2014 and 2018 and implies that the South African company under-declared its revenue in the country by 30%, the company said in a statement on Friday. MTN said it received the notice this week. “MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to vigorously defend MTN Ghana’s position on the assessment,” the company said. Ironically, Ghana awarded MTN for "excellent compliance" in 2019 Curiously, the Ghana Revenue Authority presented MTN with its Platinum award in 2019 for excellent compliance with all tax laws and for being the country’s highest contributor to tax revenue. The award specifically covered the 2018 tax year — one of the years the GRA has called into question in its audit on MTN. In its 2018 annual report, MTN noted that it contributed an average of around 3% of Ghana’s total tax revenue. It has consistently won the GRA’s award for being the country’s biggest taxpayer. 1 Like
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 2:45am On Jan 14, 2023 |
MTN's Nigeria tax dispute Africa’s largest wireless carriers are increasingly caught up in tax disputes on the continent. MTN was victorious in a conflict in Nigeria in 2020 when the government had to drop a $2 billion, R34 billion, N905 billion claim for back taxes following a 16-month battle. More recently, Vodacom Group Ltd. (South Africa) has been embroiled in a controversial tax demand in the Congo that saw the government seal parts of its offices and freeze its bank accounts. 2 Shares
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 2:47am On Jan 14, 2023 |
The Ghana Revenue Authority (GRA) used a third-party consultant as well as a new methodology, the company said. “MTN Ghana strongly disputes the accuracy and basis of the assessment, including the methodology used in conducting the audit,” the company said. Florence Asante, a spokeswoman for the GRA, said she couldn’t immediately comment when reached by phone. Ghana economy in crisis Ghana, which lost access to the international capital markets due to its ballooning debt and loan service costs, suspended interest payments on its external debt last month. The nation is trying to restructure its obligations to finalise a $3 billion, R50.5 billion, N1.4 trillion bailout from the International Monetary Fund. MTN said in the statement that the GRA had begun an audit of its Ghanaian business in 2019 to look into the “reliability and completeness” of the revenue it declared during the five-year period. The GRA hadn’t issued the unit with any guidelines or standards relating to its new audit methodology, MTN said. “MTN Group and MTN Ghana will continue to engage with the relevant authorities on this matter and MTN remains resolute that MTN Ghana is a tax compliant corporate citizen,” the company said.
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by JovialRPiller: 2:52am On Jan 14, 2023 |
At least them Ghanians will now know their place and stop dragging Nigeria and her citizens in the mud on SM History always repeats for those who are quick and rude enough to forget it. 5 Likes 1 Share
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Nobody: 3:10am On Jan 14, 2023 |
What a racist thread. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 3:22am On Jan 14, 2023 |
Olasyke: It's a beautiful thread, especially after Ghana cheated SA in the FIFA World Cup qualifications only to go embarrass Africa in Qatar. And now they're trying to scam one of SA's most valuable companies in broad daylight. LOL, imagine awarding MTN for excellent tax compliance in 2019 and once your cocoa-dependent economy crashes you claim MTN didn't pay taxes all along  Worst Africa region you are shameless! 3 Likes
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Nobody: 3:30am On Jan 14, 2023 |
WannaHowzit:Damn bro, you must be having fun waiting on those mentions and all. I ain't about to argue over this so, I'm not going to engage this further. 12 Likes 3 Shares |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 3:36am On Jan 14, 2023 |
Olasyke: Coolio. Hmmm, he's looking like the Ghanaian economy somehow (Pic below)
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by JaceBlaze: 5:47am On Jan 14, 2023 |
Not so long it was Nigeria pulling a fast one on MTN SA to boost their plummeting economy,now it's Ghana  .They better not be thinking that this is one of those day to day silly jollof rice wars they be having with their neighbour.I don't want to invoke sad memories but #ghanamustgo ..for real  1 Like
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by OkpaNsukkaisBae(m): 6:00am On Jan 14, 2023 |
Very good. Without tax, how will the government deliver dividends of democracy to the people?. MTN Ghana should pay tax & stop crying. DStv should also introduce the Pay Per View model. Monthly subscription is not sustainable in the long term. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Nobody: 6:19am On Jan 14, 2023 |
So Ghana currency is 30 times higher than the naira? Nigeria is a giant of Africa in which criteria? |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Vyzz: 6:56am On Jan 14, 2023 |
 Mtn should pay their tax |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Verifiedtrader(m): 8:57am On Jan 14, 2023 |
OkpaNsukkaisBae:You’ve talked well my friend. Get your T-Mobile esim from me. Let me help you set it up and I can also tutor you on how to be helping people set it up. It’s a win-win for you. 1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Nobody: 9:26am On Jan 14, 2023 |
Verifiedtrader:Is this an e-sim and it works only on iOS right? |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Josbreed: 9:31am On Jan 14, 2023 |
Revolution2022:Don't be deceived. 1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Mercury12(m): 10:18am On Jan 14, 2023 |
Lol Op is making some baseless claims and accusations. Yes the company was ask to pay their tax in Nigeria. Nobody force them. They had no choice, They had the option to either pay or leave... They are wiser than you and they choose to stay. You don't know what that means? It is Africa fvckin biggest economy! Mtn definitely know what it means and how much they make doing business in Nigeria which is the most populous black nation on earth. Well as for Ghana. All countries governments including South afruca government makes new policies and laws from time to time. Ghana economy is biting hard. If you felt it is wrong for them to tell you to pay a "ridiculous" amount of money as tax then it okay to take them to their own court of law and good luck with that move. It is their country. If they ask you to pay then pay or leave. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Verifiedtrader(m): 10:52am On Jan 14, 2023 |
Olasyke:It’s an esim for both OS Android and IOS |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 11:11am On Jan 14, 2023 |
Mercury12: First rule of attracting foreign investment - have rule of law and predictability of laws. Your government shouldn't wake up on some forsaken morning and declare that the rules of the game have changed after you've made huge investments in their country. Secondly, you might be the biggest economy in Africa but not by a landslide and South Africans are generally 3 to 4 times richer than Nigerians (per capita income). And MTN can expand to the middle east and Asia, like it already is doing. MTN can pack up and leave anytime honey - just like Vodacom, Shoprite, Massmart and MrP have, to name but a few. You're not holding us hostage as can be seen by the unabated xenophobic attitudes in SA and you can't do a dime about it. 1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Mercury12(m): 11:26am On Jan 14, 2023 |
WannaHowzit: If only south Africa government don't wake up on many "forsaken mornings " too  Like I said before. Governments all over the world change policies from time to time.. Trump as the USA president once ban investment on Chinese business. Do you know why he did that? The truth is the country interest always comes first. Every country protect their interest first which is also the truth. So don't be myopic. WannaHowzit: Then why is the richest person in Africa a Nigerian? WannaHowzit: Stop crying! Quit the b*llshit and leave. So you mean if Mtn leave Nigeria we won't be able to use telecom services or communicate with each other anymore. Do know Nigeria have Glo telecom which is own by a Nigerian too and don't make noise about it? Well for your information when those companies you said left Nigeria. Other indigenous companies took their place. 1 Like
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by Nobody: 11:53am On Jan 14, 2023 |
WannaHowzit:Yo, please what's the meaning of bathong? I've been curious |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 11:57am On Jan 14, 2023 |
Olasyke: Literally means "wow, people!" 1 Like
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| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 12:53pm On Jan 14, 2023 |
Mercury12: Everyone knows Trump was a maniac. Signing executive orders without going through senate like a tyrant. Wasn't the right thinking part of the world relieved when he lost a bid for a second term? Mercury12: Dangote can be the richest guy in Africa but when you compare the average SA and Nigerian populations, South Africans are far richer. That's what per capita means. You should know this since you're playing pseudo-economist advising Ghana to willly nilly tax it's biggest investor MTN. Mercury12: You're the one who said MTN was tied to Nigeria coz you're the best thing since sliced bread. I was only proving you ain't jack and many SA companies including Shoprite said "Bye Felicia" while you were chest-beating about how they'll crash if they left. Are you back to shopping at Mama Patience stall in the open air market next to agberos pooping in the gutters nearby? 1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by grandstar(m): 12:54pm On Jan 14, 2023 |
Ghana has always lived beyond its means. I can never understand why My dad remembers when coming back from the UK on ship in 1969 and having a stopover in Ghana. He said prices of consumer items were quite high. Nigeria was to suffer the same fate in about 12 years time when the price of oil collapsed and Shagari did nothing to resolve the issue except some ludicrous "austerity measures" rather than serious structural economic reform. Buhari junta who overthrew the Shagari government displayed his poor understanding of economics by introducing price controls which led to artificial scarcity of consumer goods. It was only Banangida who overthrew the Buhari junta introduced market based reforms but it failed to achieve the expected results due to the reckless overspending by that government that led to high inflation and persistent depreciation of the Naira. Also, his reforms weren't deep enough because it would have left him with nothing to use as patronage to his loyalists or win friends. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by CodeTemplar: 2:43pm On Jan 14, 2023 |
Ghana is as confused as Nigeria. In huge debt, don't produce enough. Import dependent, don't process raw materials like gold, crude or cocoa. And above all corrupt. No surprises. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by FiremanX: 3:06pm On Jan 14, 2023 |
The useless MTN are also criminal telecoms stealing from Nigerians, I wonder how they will survive if Nigeria didn't patronize them, they should be grateful because Nigeria has the largest MTN subscribers in Africa. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by JaceBlaze: 3:50pm On Jan 14, 2023 |
WannaHowzit: Haha you talk am finish.  sense go enter head small small 1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by WannaHowzit(m): 4:05pm On Jan 14, 2023 |
JaceBlaze: Bathong Jace, you have mastered pidgin now Morpheus101, Parrot69 and GeneralPula are gonna go to sleep hungry tonight but atleast with hardons that a South African man is showing them some affection.1 Like |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by morpheus101: 4:20pm On Jan 14, 2023 |
WannaHowzit: Will you stop pinging me you bloody M.O.R.ON!!! La gente aprende un nuevo idioma todo el tiempo! no es una sorpresa. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by GeneralPula: 4:26pm On Jan 14, 2023 |
WannaHowzit:Say no to drugs. Stop sniffing coke. It’s dangerous to your health system.. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by GeneralPula: 4:34pm On Jan 14, 2023 |
WannaHowzit: Man should pay Ghana its fuckinn $773m & stop capping trash.. |
| Re: Cash-Strapped Ghana Hits MTN With N350-Billion Tax Bill, MTN Disputes (PICS) by GeneralPula: 4:38pm On Jan 14, 2023 |
WannaHowzit: Hmm. Nothing wey Musa no go see for gate.. A black South Africa man, that’s living like a 2nd class citizen on its own land, that can’t cough or sneeze on it own land without his white masters approving it is saying other independent nations are shameless.. Like I said, nothing wey musa no go see for Gate.. 1 Like |
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