MTN Group’s Tax Contributions in Africa Rise 12% to R61.7 Billion

MTN’s 2023 tax contributions support African governments, fostering stability, investment, and economic growth.

MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, the 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.

The total tax contribution is equivalent to the cost of building more than 500 high-quality schools.

The commitment to paying our fair share of taxes supports the positive relationships we have with governments and communities; it also promotes stability and predictability in the business environment. This not only attracts foreign investment but also creates new job opportunities, further stimulating economic growth across the continent.

Tsholo Molefe, Chief Financial Officer, MTN Group

To maintain transparency, MTN releases an annual Tax Report as part of its suite of reports. This year, we mark 30 years of connecting people and driving digital and financial inclusion. We recognise that the business’s growth in this time would not have been possible without the trust and support of our many stakeholders.

We build public trust through transparency, including open communication about our tax affairs, including via our Tax Report.

Tsholo Molefe, Chief Financial Officer, MTN Group

The report details the broader economic contribution across the markets – beyond the corporate taxes we pay. It also unpacks the evolving global tax environment, MTN’s approach to tax, tax governance, TTC by market, as well as the effective tax rates.

In 2023, the West and Central Africa (WECA) region accounted for 39% of our independently assured total tax contribution.This was followed by Nigeria, with 31%; our Southern and East Africa (SEA^) region at nearly 14%; and South Africa at almost 11%.

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