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Monday, September 26, 2022

MTN Named Best Tax Compliant Organisation in Nigeria

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MTN Nigeria Communications Plc (MTN Nigeria) has been recognized with two awards at the recently concluded National Tax Dialogue Event organized by the Federal Inland Revenue Service (FIRS).

The second edition of this stakeholder engagement forum was held at the Banquet Hall, State House Presidential Villa Abuja, with his excellency, President Muhammadu Buhari as the special guest of honour.

MTN Nigeria was applauded as the most tax compliant organization and a top 20 taxpayer in Nigeria for the 2021 tax year. These awards reflect MTN Nigeria’s remarkable performance in remittance of its taxes despite the challenges posed by the pandemic.

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 N6.4 trillion 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% of the total FIRS collection for the year.

“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 (EGRP), said Modupe Kadari, Chief Financial Officer (CFO), who received the awards on behalf of MTN Nigeria.

MTN Nigeria last year paid a total sum of N71.9 billion to renew its Unified Access Service (UAS) license and spectrum licence for wireless for a further ten-year period starting 1 September 2021.

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