GRA cancels GHS8.2 billion MTN back tax

MTN disputed the claim and went into a 21 day talks work GRA, at the end of which GRA has fully withdrawn the back tax.

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The Ghana Revenue Authority (GRA) has fully withdrawn the over GHS8.2 billion back tax it slapped on MTN.

The back tax was based on the claim by a “shady” and “dodgy” entity called Safaritech Ghana Limited that MTN hid 30% of revenue from government between 2014 and 2018.

Safaritech was said to have used a unique auditing methodology to arrive at its conclusion, which another reputable auditing firm, KPMG independently examined and found untenable.

MTN disputed the claim and went into a 21 day talks work GRA, at the end of which GRA has fully withdrawn the back tax.

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MTN has therefore updated its report to both the Ghana Stock Exchange and the Johannesburg Stock Exchange about the withdrawal of the tax.

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More soon…

Source: techgh24.com

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