MTN Nigeria Communications Plc has made an early payment of its 2020 company income tax of N95.5bn thereby clarifying an alleged indebtedness to the Federal Government of Nigeria.
This was contained in a notice posted on the website of the Nigerian Exchange Limited by the Company secretary, Uto Ukpana, on Tuesday.
Ukpana recalled that the office of the Attorney General of the Federation (AGF) had moved the case of MTN Nigeria’s alleged indebtedness to the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service for resolution on January 8, 2020.
She explained that MTN Nigeria cooperated with the authorities and provided relevant evidences to show full compliance to all extant tax and regulatory obligations, adding that discussions were ongoing.
“As recently as 2020, the tax authority commended MTN Nigeria for its prompt payment of dues.
“In addition, when asked earlier, the company agreed to make advance tax payments ahead of established deadlines to support government’s revenue drive.
“This was also the case in 2020 when, in response to FIRS’ appeal to support government, MTN Nigeria made an early payment of its 2019 company income tax of N46.9bn.
“MTN Nigeria did the same this year between March and June, making early payments of N95.5bn for the 2020 company income tax, which was due June 30.
“We are also committed to contributing to the social and economic development of Nigeria,” she said
Ukpana further gave assurance on MTN Nigeria’s commitment to conducting its business in accordance with applicable laws.