MTN asks Nigerian tribunal to rule on tax treatment of $1bn fine

*Asks if it could otherwise function as an operating
cost.

MTN Nigeria has asked a tax tribunal to decide whether it should
pay corporate tax to the Nigerian government on a 330 billion naira
($1.1 billion) fine or be allowed to treat it as an operating cost,
a spokesman for the telecoms firm said.

The local unit of South African telecoms group MTN said on
Friday it had requested a judicial review after the Nigerian tax
authority disagreed with the company’s accounting treatment of the
fine as an operating cost.

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