MTN Gets $773 Million Ghana Tax Bill It ‘Strongly Disputes’ (1)

MTN Group Ltd., Africa’s largest wireless carrier, said it’s received a $773 million back-tax bill, including penalties and interest charges, in Ghana that it plans to fight.

The bill is for the period between 2014 and 2018 and implies that MTN under-declared its revenue in the country by 30%, the company said in a statement on Friday. MTN said it received the notice this week.

“MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to vigorously defend MTN Ghana’s position on the assessment,” the company said.

Africa’s largest wireless ...