MTN Nigeria paid N757bn tax in 2021

MTN Nigeria paid N757bn tax in 2021

- in Featured

MTN Nigeria Communications paid a total of N757bn direct and indirect tax to government agencies in 2021, it has been revealed.

This was disclosed during the National Tax Dialogue Event organised by the Federal Inland Revenue Service.

A statement titled, ‘MTN Named Best Tax Compliant Organisation in Nigeria: … recognised as one of the top 20 taxpayers by FIRS,’ signed by the company’s secretary, Uto Ukpanah, revealed that the company’s total tax contribution to all government agencies reached N757.6bn in 2021.

It said, “In 2021, MTN Nigeria’s total tax contribution to all government agencies including the FIRS amounted to N757.6bn while FIRS collected a total of N6.4trn tax revenue in the year.

“Specifically, MTN Nigeria paid a total of N618.7bn in direct and indirect taxes to the FIRS in the 2021 tax year, representing approximately 13.5 per cent of the total FIRS collection for the year.”

Also, the company was recognised as the most tax-compliant organisation and a part of the top 20 taxpayers in the nation during the event.

The Chief Financial Officer, MTN, Modupe Kadri, who received the awards on behalf of the company, said, “I am delighted at our performance and recognition at this year’s National Tax Dialogue event.

“While the past 24 months have been challenging for our country and nations worldwide, we are committed to supporting the Federal Government’s ongoing Economic Growth Recovery Plan.

“We will continue to invest heavily in network expansion with a focus on expanding access to under-served communities. We also plan to connect an additional 2,000 rural communities in 2022.”

Copyright PUNCH

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Brentford vs Man City Tips: Expert Betting Predictions

Our football betting expert offers up three Brentford