MTN: 9,652 +54 (+0.56%)
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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