The Ghanaian subsidy of South African cell operator MTN Group has acquired a invoice for again taxes of round $773 million (R13 billion), together with penalties and curiosity expenses, the father or mother firm stated on Friday.
The Ghana Income Authority issued MTN Ghana with the invoice after auditing it for the years 2014 to 2018 and inferring that the corporate underneath declared its income by about 30% in the course of the interval, MTN stated in a press release.
The provider, which has a presence in 19 nations in Africa and the Center East, stated it disputes the “accuracy and foundation” of the evaluation and that it might battle it.
“MTN Ghana believes that the taxes due have been paid in the course of the interval underneath evaluation and has resolved to defend MTN Ghana’s place on the Evaluation,” the corporate stated.
