mounting debts

Ghana: MTN slapped with $773m back tax. Is this just the beginning?

By Jonas Nyabor

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Posted on January 19, 2023 11:13

It’s a scramble for cash. Ghana’s revenue authority has imposed a $773m back tax on MTN as it seeks to rake in more revenue for its cash-strapped economy. With an ambitious revenue target for 2023, more tax bills on other major telecom players are expected to follow.

MTN Ghana is refuting the Ghana Revenue Authority’s (GRA) claim of tax infringement between 2014 and 2018. The GRA’s notice of assessment, based on a new methodology, suggests that the company has under-declared its revenues by about 30%, excluding interests and penalties.

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