MTN-Tax-Report.Pdf
#WearItForMe MTN Group Limited Tax report for the year ended 31 December 2020 Leading digital solutions for Africa’s progress 01 Tax report Contents 01 TAX REPORT 1 Salient features 2 Foreword 3 Economic contribution 4 Current tax environment (international) 6 MTN’s approach to tax 8 Continuous improved tax governance and transparency MTN is an emerging market mobile operator at the forefront of technological and digital changes. Inspired by our belief that everyone deserves the benefits of a modern connected life, we provide a diverse range of voice, data, digital, fintech, wholesale and enterprise services to more than 280m customers in 21 markets. We were established in South Africa at the dawn of Our online reports: democracy in 1994 as a leader in transformation. Since AFS CDP GRI IR then, we have grown by investing in sophisticated communication infrastructure and by harnessing the Annual Carbon Global Integrated Financial Disclosure Reporting Report talent of our diverse team of more than 19 000 people to Statements Project Initiative now offer services to communities across Africa and the KIV SR TAX Middle East. MTN is one of the top 40 companies listed on King IV™ Sustainability Tax the JSE in Johannesburg, with a market capitalisation of application Report Report R108 billion at the end of 2020. MTN Group Limited Tax report for the year ended 31 December 2020 01 Tax report Salient features Group total tax contribution LA Group revenue R35,1bn R179,4bn 2019: R30,5bn 2019: R151,5bn Group profit before tax Adjusted Group profit before tax R29,1bn R25,5bn3 2019: R17,7bn1 2019: R16,9bn Reported Group effective Adjusted Group effective tax rate tax rate 32,45% 37,78%4 2019: 38,95%2 2019: 40,89%4 Taxes on production5 Taxes on profit6 R16,6bn R7,7bn 2019: R15,9bn 2019: R8,3bn 1 Restated Group profit before tax.
[Show full text]