Thursday 21 January 2016

MTN and other company fined over $160 million for tax evasion

Various report from media suggest that the local units of MTN and Orange in Cameroon have been fined over $160 million for failure to pay taxes on games and gambling services.

According to the Central African nation’s corruption board, a wide reaching probe into the sector led to fines totaling $283 million. Other companies such as Camtel and Viettel, were also found to have violated regulations.