MTN owes $773 million to the Ghanaian tax authorities, and this is just the beginning

The Ghanaian subsidiary of the South African telecom giant was imposed a very heavy tax arrears over the period 2014-2018. Other companies are in the sights of the authorities.MTN Ghana disagrees. The subsidiary of the pan-African telecoms giant, led by Ralph Mupita since 2020, opposes the recovery decided by the Ghana Revenue Authority (GRA, the Ghanaian Treasury) for tax evasion between 2014 and 2018. Excluding interest and penalties, the new opinion of Taxation suggests that the company may have underreported its revenues by about 30% during this period.“The GRA audited MTN Ghana […] using a third-party consultant as well as a new methodology based on call data records, top-ups and other data,” MTN explained in a statement. “MTN Ghana strongly disputes the accuracy and basis of the assessment, including the methodology used to conduct the audit. MTN Ghana believes that the taxes due were paid during the period assessed. »