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MTN Nigeria paid N757bn tax in 2021

IT has been disclosed that MTN Nigeria Communications paid a total of N757 billion in direct and indirect taxes to government entities in 2021.

This information was revealed at the Federal Inland Revenue Service’s National Tax Dialogue Event.

According to a statement issued by the company’s secretary, Uto Ukpanah, titled “MTN Named Best Tax Compliant Organization in Nigeria:… recognized as one of the top 20 taxpayers by FIRS,” the company’s total tax payment to all government agencies totaled N757.6 billion 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.”

During the ceremony, the company was also named the most tax-compliant organization and one of the top 20 taxpayers in the country.

MTN’s Chief Financial Officer, Modupe Kadri, who accepted the awards on behalf of the firm 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.”

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