MTN vs AGF: Court reschedules the proceeding of the case to October 29

Federal High Court in Lagos has adjourned a case of MTN Nigeria Communication Ltd challenge the Attorney General of the Federation (AGF) over N242 billion and $1.2 billion import duties and withholding tax assessments

MTN Nigeria maintains its stand that we are in full compliance with all extant tax and regulatory obligations.

MTN Nigeria in Statement saying We are confident in the Nigerian court system and the rule of law and look forward to presenting our case at the earliest possible opportunity.

We reiterate our commitment to obeying all Nigerian laws, rules and regulations that govern and guide our business practices.

Amehnews recall that the purported “Revenue assets investigation” allegedly carried out by the Federal Government on MTN, for the period of 2007 to 2017, and its decision conveyed through the office of the AGF by a letter dated Aug. 20, violates the provisions of section 36 of the constitution

“A Declaration that the AGF acted illegally, by usurping the powers of the Federal Inland Revenue Service, to audit and demand remittance of withholding tax and value added tax

“A Declaration that the AGF acted in excess of its powers, by purporting to direct through its letter of May 10, a “self assessment exercise” which usurps the powers of the Nigerian Customs Service to demand payment of import duties on importation of physical goods.

“The MTN instituted the suit by a writ, dated September 10, 2018, challenging the legality of the AGF’s assessment of its import duties, withholding tax and value added tax in the sums of N242 billion and $1.2billion.

The case has been postponed at the request of the Attorney General to October 29, 2019.

Amehnews Live Traffic

small-business-ideas-for-small-towns

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *