Nigeria court rules that MTN met tax deadline

Posted in categories

  • CyberREPORTs
Publish date 07 May 2019
Issue Number 1780
Diary Legalbrief eLaw
MTN met a deadline to respond to a $2bn tax demand from Nigeria’s attorney-general, a Nigerian judge ruled yesterday (Tuesday), after state lawyers said the company had failed to do so. A BusinessLIVE report notes that the AG issued the ...

MTN met a deadline to respond to a $2bn tax demand from Nigeria’s Attorney-General, a Nigerian judge ruled yesterday after state lawyers said the company had failed to do so. A BusinessLIVE report notes that the AG issued the demand in September, but the telecoms giant said the claim was without merit and that the Attorney-General exceeded his powers in making the demand. Lawyers representing the company said they responded to the tax bill within the three-month period stipulated under Nigerian law. The judge said MTN had responded in 19 days, and adjourned the case’s next hearing to 26 June. Legalbrief reports that although MTN operates in 20 countries, one-third of its revenues come from Nigeria where it holds about 35% market share.