By Update on corporate taxpayer support for FIRS
MTN Nigeria has responded to the request from the Federal Inland Revenue Service (FIRS)asking corporate bodies to fulfil their tax obligation ahead of the expected date to enable the Nigerian government tackle the financial challenge that the COVID-19 pandemic has suddenly brought upon the nation.
In a joint statement issued by MTN Nigeria and the FIRS, the FIRS announced that MTN Nigeria has initiated payments for its 2019 Company Income Tax (CIT) obligations ahead of the statutory deadline of June 30th.
had requested corporate taxpayers whose operations are able to remain open during the COVID-19 pandemic to pay their taxes ahead of established deadlines, the Service is pleased to announce that
The statement said that MTN Nigeria agreed to continue its existing practice of initiating early payment for its CIT obligations noting that the telecommunications company has committed to making full payment in a series of instalments ahead of the June 30th deadline.
The FIRS disclosed that MTN Nigeria has made payment of the first instalment and thanked MTN for this demonstration of support for Nigeria during a time of significant disruption to the nation’s economy, and also to MTN’s own business.
Commenting on the development, FIRS Chairman, Mr. Muhammad Nami said that he is particularly happy with this prompt response by MTN Nigeria and urges other companies to emulate MTN Nigeria so that together we shall continue to support the growth of Nigeria’s economy as well as business enterprises in the country.
Commenting on the agreement, MTN CEO Ferdinand Moolman said: “We value the relationship that we have built with the Federal Inland Revenue Service (FIRS) and are pleased to be able to deepen that relationship by collaborating closely with the government and its agencies to manage the challenge that COVID-19 represents to the nation. Conscious of the role companies play in sustaining government revenue and services, MTN has consistently initiated payments towards our CIT obligations well ahead of statutory deadlines and despite prevailing conditions. This year, the Board of MTN Nigeria has once again approved advance payments towards our annual tax obligations.”
