Uganda Telecommunications: MTN Uganda Named Top Taxpayer by President Museveni

President Museveni has used his campaign tour in eastern Uganda to name and praise the top taxpayers who have contributed to the economic growth in the country. “With the peace in the country, we have attracted foreign investors who have created jobs and also pay a lot of taxes”, he said. Once again, President Museveni has named telecom giant MTN Uganda as the top taxpayer, with annual expected returns of Shs 701b. The telecom company is followed by Airtel with Shs 500b, and the Bank of Uganda (BoU) with Shs 451b. Other major taxpayers include companies such as Vivo Energy, Total Uganda, Nile Breweries, Uganda Breweries, Bidco Uganda and Stanbic Bank. Museveni added that, in the last 34 years of his regime, the tax collection increased from Shs 5b to Shs 21 trillion.

Charles Mbire, the Chairman of MTN Uganda, said that the company will continue investing and putting new products in the market in order to sustain its position as the leading taxpayer. He also added that the taxes of Shs 701b include the income tax directly paid to Uganda Revenue Authority, Value Added Tax, and the satff’s Pay As You Earn returns. Once again, Mr Mbire insisted on the importance of doing business in a transparent manner and being above board. “We have always insisted on corporate governance, transparency and good planning to ensure our income keeps growing and hence higher taxes. We are going to invest more money in the network in order to expand to more areas in Uganda. We will also introduce new products which will help the country and the people to get better serviced”, he added.

About MTN Uganda: MTN Uganda is the largest telecom company in Uganda. The premium telecommunications network provider offers a wide range of products and services including cell phone deals, Internet, voice and data bundles, mobile money services, etc. MTN Uganda is a subsidiary of MTN Group, a multinational telecommunications group connecting approximately 232 million people in 22 countries across Africa and the Middle East.

About Charles Mbire: Charles Mbire is a leading businessman, entrepreneur and industrialist in Uganda, with interests in telecommunications, finance, energy, real estate, pharmaceuticals, agribusiness and transportation. He is the current chairman of MTN Uganda.

For more information, please visit: www.mtn.co.ug.

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