Scancom PLC, owners of MTN Ghana have pushed back on an alleged tax infringement placed on them by the Ghana Revenue Authority (GRA) from the year 2014 to 2018.
The telecommunications network company says it is a tax compliant corporate citizen and the tax liability notice of GH¢8,209,603,842.14 issued against the company by the GRA is unacceptable.
In a press statement issued in Accra today, MTN Ghana welcomed an engagement with the GRA to further assess the matter.
“In this regard, from the base component of the assessment; that is, excluding penalties and interest, on MTN Ghana’s analysis, the GRA infers that MTN Ghana under declared its revenue by more than approximately 30% over the 5-year period 2014 to 2018,” the statement said.
MTN Ghana averred that the GRA audited MTN Ghana for the period 2014-2018, using a third-party consultant as well as a new methodology based on call data records (CDR), recharges, and other data.
It said it strongly disputes the accuracy and basis of the assessment, including the methodology used in conducting the audit.
“MTN Ghana believes that taxes due have been paid during the period under assessment,” it said.
more to follow…