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Nairaland Forum / Nairaland / General / Politics / Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver (8921 Views)
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Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by ThierryJay: 10:59am On Apr 27, 2022 |
The 2.6 trillion is not a tax waiver but a certificate from trade ministry stating that MTN invested in capital assets of 2.6 trillion. Mtn will then use 30% of the certified value to offset its taxes. The real question is whether Mtn truly invested up to 2.6trillion in capital expenditure. It looks a bit high but if they did, then this is a non-issue. 1 Like |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by Giftcarddealer(m): 11:01am On Apr 27, 2022 |
powerfulguy:
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Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by Raxxye(m): 11:01am On Apr 27, 2022 |
Corruption |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by Adabestseason(m): 11:42am On Apr 27, 2022 |
Mr pPresident@MBuhari feigning ignorance of this kind of corruption is detrimental,MTN is economic terrorist, they are contributing to insecurity in Nigeria,and the minister is a yoruba man undermining the corporate survival of the already ripped off economy ,preparing for Oduduwa republic. |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by ZIAZI(m): 11:47am On Apr 27, 2022 |
Nigeria is not a serious country. With all this tax evasion scandal involving MTN, they are still milking us dey dry. Can't we push MTN and DSTV away? We have Glo, why not make it a national something. Glo was really bad before, but they are improving! |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by jaz(m): 1:22pm On Apr 27, 2022 |
Seems most ppl don't understand the message. It's not some cash waiver or grant. When a company purchase fixed assets it recognizes depreciation in its financial accounts as an annual prorated cost of the asset over its lifetime, however for tax you don't recognize depreciation but recognize capital allowance and its the same value which the company spent on the asset. For claim of capital allowance ministry of trade is required to certify it before claim and FIRS also requires the certificate to ascertain the claim. This is where the problem is so its not some cash grant 1 Like |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by emecheboy2(m): 1:38pm On Apr 27, 2022 |
Parachoko:Starlink is available if you can make a direct request, download the app and configure your location. |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by new2012: 4:34pm On Apr 27, 2022 |
emecheboy2: ... and u think Nigerians can afford it? people who come online with such rants can't afford it too.. to set up starlink and the subscriptions, the cost is huge.. People just come online and go to vac in the maidives online 1 Like |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by IdrisE(m): 6:41am On Apr 28, 2022 |
One of the annoying news dis morning ��. Make kukuma give MTN free tax trading in Nigeria nah. Selfish pipo all around our government |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by emecheboy2(m): 7:38am On Apr 28, 2022 |
new2012:you're very funny but that's true. About last year when I checked the statlink site, less than ten organisations use it Nigeria. |
Re: Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver by Btcmoni(m): 7:46am On Apr 28, 2022 |
Nigeria cannot be good |
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