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Home Business News

Cameroon Accuses MTN & Others Of Owing Over $166 million In Taxes

Nairametrics by Nairametrics
January 21, 2016
in Business News
This Is Why NCC’s MTN Nigeria Fine Was Humongous
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The corruption board of Cameroon has claimed that MTN and France’s Orange Telecoms owes it nearly 100 billion CFA francs ($166 million) in taxes, including on games.

According the reports from the media, the corruption body found that taxes totaling 176 billion CFA francs had gone unpaid from various companies. Reuters reports majority of that amount s owed by MTN and Orange.

 

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MTN is currently in court challenging a $3.9billion fine imposed on it by the Nigerian Communications Commission over the sim card registration issues.

MTN in its 2014 annual report said it had about 9.6 million subscribers in Cameroon.

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