In Nigeria, The Federal Inland Revenue Service (FIRS) recently held the National Tax Dialogue Event, in which MTN Nigeria was given two awards.
MTN Nigeria was praised for being the most tax compliant organisation and rating among the top 20 taxpayers for the 2021 financial year.
The awards bear testament to MTN Nigeria’s commitment to paying off its taxes regardless of the hurdles faced during the pandemic. MTN Nigeria’s tax contribution in 2021 amounted to US$1.8 million, while FIRS collected a total of US$1.5 billion in tax revenue.
In 2021, MTN Nigeria paid US$1.8 million in direct and indirect taxes to the FIRS, accounting for 13.5 per cent of FIRS’s total collection for 2021.
Modupe Kadri, MTN’s Chief Financial Officer (CFO), who accepted the awards on behalf of the organisation, said, “I am proud of our performance and to be acknowledged at this year’s National Tax Dialogue event. The past few months have been difficult for our country and the world; we are determined to assist the Federal Government’s current Economic Growth Recovery Plan (EGRP).”
“Our investment will continue to focus on network expansion, more so, to reach under-served communities. We aim to connect 2,000 rural communities in 2022,” he stated.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, addressed the event, indicating that the forum was created to engage stakeholders in the Nigerian tax space in meaningful discussion to share information, ideas and experience to aid policy formulation and improve the tax environment.
Furthermore, the minister indicated that another tax revenue goal is “to establish a healthy tax culture among Nigerians.”