FIRS Names MTN Nigeria Among Top 20 Organizations in Tax Compliance – TechEconomy.ng
MTN Nigeria Communications Plc (MTN Nigeria) received two awards at the recently concluded National Tax Dialogue event hosted by the Federal Inland Revenue Service (FIRS).
The second edition of this stakeholder engagement forum was held at the Banquet Hall, State House Presidential Villa Abuja on Tuesday, March 29, 2022, with His Excellency President Muhammadu Buhari as the special guest of honour.
MTN Nigeria has been hailed as the most tax compliant organization and one of the top 20 taxpayers in Nigeria for the 2021 tax year.
These awards reflect MTN Nigeria’s outstanding performance in tax remission despite the challenges posed by the pandemic.
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 billion in tax revenue during the year.
Specifically, MTN Nigeria paid a total of N618.7 billion in direct and indirect taxes to FIRS in the 2021 tax year, which represents approximately 13.5% of the total FIRS collection for the year.
“I am thrilled with our performance and recognition at this year’s National Tax Dialogue event. While the past 24 months have been difficult for our country and nations around the world, we are committed to supporting the Federal Government’s ongoing Economic Growth Recovery Plan (EGRP),” said Modupe Kadri, Chief Financial Officer ( CFO), who received the awards on behalf of MTN Nigeria.
“We will continue to invest heavily in network expansion with a focus on expanding access to underserved communities. We also plan to connect 2,000 additional rural communities in 2022,” he added.
Speaking at the event, Zainab Ahmed, Minister of Finance, Budget and National Planning, said the dialogue was designed to engage Nigerian fiscal space stakeholders in meaningful discourse to glean insights. information, ideas and experiences to help formulate policies and improve the fiscal environment.
According to the minister, other tax revenue objectives are to “institutionalise a healthy tax culture among Nigerians. The right attitude towards taxation will enable every Nigerian to become a co-custodian of the tax system and the Commonwealth.
Furthermore, it will create a participatory taxation system in which taxpayers and other stakeholders understand and accept that they have an equal interest in the tax system.
Muhammad Nani, the President of FIRS, thanked the President for his directive to government agencies allowing FIRS to connect to their ICT systems, noting that this singular statement enabled the Service to deploy its system for seamless data acquisition.
“We are confident that the moment all agencies achieve 100% compliance with the President’s directive, Nigeria will be the envy of other countries in tax compliance and domestic tax revenue mobilization,” he said. he declared.