ADVERTISEMENT
TechEconomy
Friday, June 6, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » “We Remitted N757.7b in 2021,” MTN Reacts to Tax Remittance Discrepancies

“We Remitted N757.7b in 2021,” MTN Reacts to Tax Remittance Discrepancies

Justice Godfrey Okamgba by Justice Godfrey Okamgba
July 19, 2022
in Telecoms
1

RelatedPosts

Industrial Implementations and Revolution of Fiber Optic Technology - Digital Infrastructure | Anambra Internet Service Providers

Anambra Moves against Illegal Internet Service Providers (ISPs)

June 5, 2025

Tizeti Partners FMCIDE, Galaxy Backbone to Launch Fiber-to-Hostel Initiative at UniAbuja, Unilag

June 5, 2025

MTN Nigeria has reacted to media reports indicating discrepancies in tax remittances to the Federal Government.

The telecom giant said it made a total contribution of up to N757.7 billion to the Federal Government and its relevant agencies through taxes, levies, fees, and duties.

In a disclosure obtained by TechEconomy, titled; “MTN Nigeria Publication on Tax Remittance for the 2021 Fiscal Year,” Uto Ukpanah, Secretary, MTN Nigeria stated that the company is committed to paying all taxes due and on time and has zero tolerance for non-compliance.

“MTN Nigeria Communications Plc (MTN Nigeria or the Company) is aware of the media reports regarding discrepancies in the figures communicated by the Company.

“As of 31 December 2021, the Company reported that it made a total contribution of up to N757.7 billion to the Federal Government of Nigeria and its relevant agencies through taxes, levies, fees, and duties.

“Without prejudice but specific to the Federal Inland Revenue Service (FIRS), direct remittances by the Company to FIRS in 2021 was N291.7 billion, made up of the details listed below, while the balance represents VAT, levies, fees, and duties paid to other Federal Government agencies.”

MTN stated that it is a tax-compliant organization with all its tax obligations settled backed by the Federal Inland Revenue Service’s testimonial naming it one of the most tax-compliant organizations in Nigeria For the year 2021.

“The company is committed to paying all taxes due and on time and has zero tolerance For non-compliance. The above is to clarify the information previously released by MTN Nigeria.”

In a breakdown, the company highlights that value added tax on revenue was N98.99 billion, withholding tax was N71.18 billion, companies income tax was N99.29 billion, stamp duties was N8.48 billion, tertiary education tax was N10.64 billion, information Technology Levy was N3.09 billion.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: LeviesMTNtax
Previous Post

Gebeya Unveils Search Feature to Accelerate Hiring Freelance Professionals

Next Post

ETH to Drop to $675: Finder’s Ethereum Price Predictions Report 

Justice Godfrey Okamgba

Justice Godfrey Okamgba

Related Posts

Industrial Implementations and Revolution of Fiber Optic Technology - Digital Infrastructure | Anambra Internet Service Providers
Telecoms

Anambra Moves against Illegal Internet Service Providers (ISPs)

by Joan Aimuengheuwa
June 5, 2025
0

The Anambra State Government, through the Anambra State Physical Planning Board (ANSPPB) and the Anambra State ICT Agency, has initiated...

Read more
Tizeti and Fibre-to-Hostel

Tizeti Partners FMCIDE, Galaxy Backbone to Launch Fiber-to-Hostel Initiative at UniAbuja, Unilag

June 5, 2025
ROCCO ranks Infobip

ROCCO names Infobip a Leading Tier 1 RCS Vendor in 2024 Messaging Market Impact report

June 5, 2025
Glo Roaming to Saudi Arabia

Glo Roaming Services to Saudi Arabia – 5 Minutes of Voice + 100MB Data for N2,500 per Day

June 2, 2025
MVNO Nigeria conference 2025

MVNO Nigeria 2025 Beams Light on Path for Inclusive Connectivity, Market Competition

June 2, 2025
Qrent Call Centres

Qrent Introduces Circular IT for Call Centres

May 31, 2025
Next Post

ETH to Drop to $675: Finder’s Ethereum Price Predictions Report 

Comments 1

  1. Pingback: “We Remitted N757.7b in 2021,” MTN Reacts to Tax Remittance Discrepancies - News Curators

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.