Connect with us

Hi, what are you looking for?

Telecommunications

MTN contributed 13.5% of FIRS’ total 2021 tax – Report

MTN to roll out 5g August
MTN

Nigerian telecoms giant, MTN Nigeria Communications PLC’s total tax contribution to all government agencies including the Federal Inland Revenue Service amounted to N757.6 billion.

The company paid a total of N618.7 billion in direct and indirect taxes to the FIRS in the 2021 tax year, which makes it the largest single biggest contributor to taxes in Nigeria at 13.5%.

This was disclosed at the National Tax Dialogue organised by the FIRS, released in a statement, according to Nairametrics.

The Minister of Finance, Zainab Ahmed disclosed that MTN Nigeria is Nigeria’s most tax compliant organisation. She revealed that Nigeria’s other tax revenue objectives are to “institutionalise a healthy tax culture among Nigerians. The right attitude towards taxation that will enable every Nigerian to become a co-guardian of the tax system and the commonwealth.”

She added that it will create a participatory system of taxation whereby the taxpayers and other stakeholders understand and accept that they have an equal stake in the tax system.

The Federal Government disclosed that in 2021, MTN Nigeria’s total tax contribution to all government agencies including the FIRS amounted to N757.6 billion, while FIRS collected a total of N6.4 trillion in tax revenue.

It added that MTN Nigeria paid a total of N618.7 billion 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.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

News

The sole producers of iOS devices, Apple Inc., disclosed that it will begin manufacturing its recently launched iPhone 14 in India. According to Bloomberg,...

News

Less than a month into the production of the iPhone 14, Apple Inc. is set to change its “Pro Max” naming scheme to Ultra...

News

Billions of Facebook users are susceptible to hacking and this is not limited to accounts with millions of followers, as is the case of...

News

Hackers who crippled a French hospital and stole a trove of data last month have released personal records of patients online, officials have confirmed....

Advertisement