Tanzania: Mobile Firm Pays Sh71 Billion Taxes
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The Citizen (Dar es Salaam)
11 June 2008
Posted to the web 11 June 2008
Celtel East Africa chief operating officer Bashar Arafeh meets former South African President Nelson Mandela at his Johannesburg office. Zain Group, the parent company of Celtel, will sponsor Mr Mandela's 90th birthday concert in London on 27 June.
Mobile firm pays Sh71billion taxes
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Celtel Tanzania paid taxes and levies of Sh71 billion to Government last year.
The company said yesterday in a statement that the dues paid were corporate tax, value added tax, excise duty, pay as you earn, the skills development levy and the withholding tax.
The company is to pay the outstanding dividends of Sh3.5 billion for 2005.
The Government holds a a 40 per cent stake in Celtel while the Kuwait-based Zain Group of Companies owns the rest shares.
The dividend payment was approved last week at a meeting of its board of directors which also approved last year's accounts in Dar es Salaam.
The quarterly meeting resolved to propose a dividend payment for 2007 to the shareholders' annual general meeting.
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"The directors gave a resounding nod to among other things, the company's 2007 accounts and a payment of Sh3.5 billion being outstanding dividends for 2005," the statement notes.
Operating in 22 countries, Celtel is one of the best-known branded businesses in Africa with mobile licences covering more than 400 million people.
Its operations in Tanzania were launched in 2001 and was the fifth entrant into the highly competitive local cellular market.
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Jean-Louis Kayitenkore
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