MTN:  9,652   +54 (+0.56%)  19/11/2019 00:00

MTN asks Nigerian tribunal to rule on tax treatment of $1 bln fine

LAGOS, Aug 2 (Reuters) - MTN Nigeria has asked a tax tribunal to decide whether it should pay corporate tax to the Nigerian government on a 330 billion naira ($1.1 billion) fine or be allowed to treat it as an operating cost, a spokesman for the telecoms firm said.

The local unit of South African telecoms group MTN said on Friday it had requested a judicial review after the Nigerian tax authority disagreed with the company's accounting treatment of the fine as an operating cost. (Reporting by Chijioke Ohuocha; Editing by Alexis Akwagyiram and Mark Potter)

First Published: 2019-08-02 15:55:31
Updated 2019-08-02 16:02:52


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