MTN pays N200bn monthly in VAT — Tax committee

The Nigerian tax committee has disclosed that MTN Nigeria, one of the country's leading telecommunications companies, pays approximately N200 billion monthly in Value Added Tax (VAT). This significant contribution underscores the telecom giant's role as one of Nigeria's largest taxpayers and highlights the broader economic impact of the telecom sector. 

The tax committee noted that MTN's VAT payments stem from its wide range of services, including voice, data, and digital solutions, which generate substantial revenue and are subject to the standard VAT rate. These payments contribute significantly to government revenue, playing a crucial role in funding public services and infrastructure projects. 

MTN's compliance with tax regulations is seen as a benchmark for corporate responsibility in Nigeria, especially in a period when the government is intensifying efforts to boost non-oil revenue. With VAT serving as one of the key sources of federal and state government earnings, contributions from major corporations like MTN are vital to sustaining the economy. 

The company's substantial VAT payments reflect not only its extensive operations but also the growing demand for telecommunications services in Nigeria. This trend aligns with the increasing digitization of the economy and the reliance on mobile and internet connectivity across various sectors. 

As the government continues to emphasize tax compliance and widen its revenue base, MTN's contributions highlight the importance of the private sector in achieving fiscal sustainability and economic growth in Nigeria.