MTN Nigeria pays record N200bn in VAT each month.

MTN Nigeria pays approximately N200 billion in Value Added Tax (VAT) every month, according to the Presidential Fiscal Policy and Tax Reforms Committee. This makes MTN the company contributing the largest amount of VAT among all companies in Nigeria.

MTN Nigeria is revealed to be a significant contributor to the nation's tax revenue, paying a staggering N200 billion in Value Added Tax each month. According to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, MTN's monthly VAT contribution surpasses that of any other company, solidifying its position as the largest taxpayer in the country. This significant figure underscores the importance of multinational corporations like MTN in contributing to Nigeria's fiscal policy and economic growth. The committee's disclosure highlights the growing role of businesses in shaping the nation's tax landscape.