MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, our total tax contribution to governments across all markets increased by more than 12% to R61.7 billion. This figure encompasses the direct corporate taxes we pay, indirect taxes, operating licence fees, payroll taxes, property rates, dividend taxes and withholding taxes. “Our … Read more
PwC has warned that any further increase in taxes would cause a decline in reinvestment by firms operating in Nigeria and exacerbate corporate exits from the country. This warning is contained in its June 2024 report titled: “Nigeria Economic Outlook: Navigating Economic Reforms,” which projected that inflation would decline to 29.5 per cent by the … Read more
There are insinuations concerning the incidence of double taxation being experienced in some quarters by persons or groups within our economy. Those being affected by this menace are seriously lamenting as a result of the repetitive nature of taxes and levies that they have been forced to be exposed to or suffer more than once … Read more
Fact: The Global Minimum Tax (GMT) sets a proposed rate of 15% on profits and was approved at the October 2021 Summit in Rome with an effective date of 2024.
Cyprus was given a score of 34 per cent for the human rights situation and living standards of its LGBT population.
Fact: Prime Minister Sheikh Hasina directed the National Board of Revenue (NBR) not to increase taxes on food, agro-related items, and fertilizers in the upcoming budget.
Britain should avoid further restricting international student numbers to prevent universities from collapsing, as foreign registrations for next year have plummeted. The government has sought to reduce the number of students coming to Britain, including preventing some post-graduate students from bringing family members. The Migration Advisory Committee warned that more restrictions on the graduate route could lead to job losses, course closures, and potential institution failures. The committee found no evidence of widespread abuse in the graduate route, with students from India, Nigeria, China, and Pakistan accounting for 70% of graduate visas. The CBI emphasized the importance of British universities as a major export success.
Shell Nigeria paid .09 billion in corporate taxes and royalties to the Government of Nigeria in 2023 through the operations of SPDC and SNEPCo.
Prince Harry and Meghan visited a school in Nigeria’s capital Abuja to talk about mental health. They were greeted with cheers, song, and dance. Harry later met wounded soldiers in Kaduna. Nigeria expressed interest in hosting the 2029 Invictus Games. The couple urged students to take care of their mental health and spoke about the importance of addressing mental health issues. Meghan mentioned their son Archie during the visit.
Shell paid .09 billion in corporate taxes and royalties to the Federal Government in 2023, with SPDC contributing 2 million and SNEPCo remitting 9 million.