Tuesday
January 14
2020

Nigeria Drops $2B MTN Tax Demand

A long-running spat between MTN Group and Nigerian authorities cooled as a demand for $2 billion in back taxes and a related legal action were withdrawn, with the matter referred to the country’s revenue and customs departments for resolution.

In a statement, MTN said Nigeria’s attorney general removed an order made in late 2018 demanding payment of dues related to historical equipment imports and supplier payments.

The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.

Despite the climbdown by the attorney general, the matter is not completely closed. The case is being referred to the country’s inland revenue and customs departments, which will both engage with MTN Nigeria to find a solution.

Source: Mobile World Live (link opens in a new window)

Categories
Finance
Tags
digital payments, fintech, mobile money, MTN, regulations, taxes