The total tax contribution of the Nigerian telecommunications giant, MTN Nigeria Communications PLC to all government agencies, including the FIRS, amounted to N757.6 billion.
The company paid a total of N618.7 billion in direct and indirect taxes to the FIRS in the 2021 tax year, making it the largest tax contributor in Nigeria at 13.5%.
This was revealed during the National Tax Dialogue organized by the FIRS, published in a declaration seen by Nairametrics.
What the statement said:
Finance Minister Zainab Ahmed has revealed that MTN Nigeria is the most tax-friendly organization in Nigeria. She revealed that Nigeria’s other tax revenue targets are to “institutionalising a healthy tax culture among Nigerians. The right attitude towards taxation that will empower every Nigerian to become a co-custodian of the tax system and the commonwealth.
She added that this will create a participatory taxation system in which taxpayers and other stakeholders understand and accept that they have an equal stake in the tax system.
What you should know
- FG revealed that in 2021, MTN Nigeria’s total tax contribution to all government agencies including FIRS was N757.6 billion, while FIRS collected a total of N6.4 trillion naira from tax revenue.
- He added that MTN Nigeria paid a total of 618.7 billion naira in direct and indirect taxes to FIRS in the 2021 tax year, which represents around 13.5% of the total FIRS collection. for the year.
- Nairametrics reported earlier this year that MTN Nig Plc, in its audited financial statements for the financial year 2021, revealed revenue growth of 22.90% from N1.35 trillion to N1.65 trillion during the of the current period.
- The company recorded a 45.5% growth in net profit to N298.65 billion from N205.21 billion in the corresponding period of 2020.