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MTN asks Nigerian tribunal to rule on tax treatment of $1 bln fine

Published 02/08/2019, 15:02
Updated 02/08/2019, 15:10
© Reuters.  MTN asks Nigerian tribunal to rule on tax treatment of $1 bln fine
MTNJ
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MTNN
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LAGOS, Aug 2 (Reuters) - MTN Nigeria MTNN.LG 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 MTNJ.J
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.

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