Pulse.com.gh logo
Go


Tax issues MTN tax records for 2014 revealed

  • Published: , Refreshed:

The leading Telecommunication network, MTN Ghana paid a total of GH¢605.138 million in excess of taxes to the government of Ghana in the year 2014.

Addressing editors in the Central Region on Wednesday in Cape Coast, the Corporate Service Executive of MTN, Mrs. Cynthia Lumor hinted that the Company also paid GH¢31.5m as fees and duties and GH¢26.6m as international incoming traffic to the National Communication Authority (NCA).

She said though 2014 was a challenging year with high inflation, depreciation of the cedi, power disruptions as well as higher utility tariffs, the company still managed to make a profit of about GH¢1.9 billion of which it paid the said amount as tax to the Government.

She indicated that the Company’s compliance in filling tax returns in earnest, earned it the overall taxpayer for the year 2014 by the Ghana Revenue Authority (GRA).

Mrs. Lumor stressed that MTN as one of the big tax payers in the country was poised to implement sustainable projects that would enrich the lives of Ghanaians, adding that, ”we are committed towards the building of vital infrastructure and services to Ghanaians”.

She said MTN Ghana spent in excess of GH¢9.4 million and GH¢15.8 million of what it had budgeted to spend on fuel and electricity respectively in 2014 due to the power outages.

Among its challenges, she mentioned, was the excess spending of GH¢9.4m and GH¢15.8 million against what it had budgeted for on fuel and electricity respectively in 2014 due to the power disruptions.

Also, fibre cuts, battery theft and SIM box fraud remained a major challenge facing the telecoms industry with MTN alone losing a little over $4.8 million due to battery theft and fibre cuts last year, and called for support from the general public to ensure that these menace were brought under control.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Banking In Ghana Stranded customers of First Allied Savings &...bullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Increment Fuel prices to go up again – IESbullet
8 Nana Appiah Mensah Menzgold boss apologises to BoG after...bullet
9 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
10 Bank Collapse Capital Bank Board misused GHC 610...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business