In 2022, FIRS froze MultiChoice Nigeria’s accounts and served the company with a N1.8 trillion tax claim for its Nigerian operation and a $342 million claim for VAT.
Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million.
According to a report by Reuters, the broadcaster said, “The total tax amount of $35.4 billion which MultiChoice Nigeria and MultiChoice Africa Holdings will pay will be offset against the security deposits and good faith payments made to date.”
In 2022, Nigeria’s tax governing body, the Federal Inland Revenue Service (FIRS) froze MultiChoice Nigeria’s accounts and served MultiChoice Group with a N1.8 trillion ($1.27 billion) tax claim for its Nigerian operation and a $342 million claim for value-added taxes.
The broadcaster owns DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto, and KingMakers and offers services to over 23.5 million households in 50 markets across sub-Saharan Africa.
Senate Asks Pay-TV Service Providers To Revert To Pay-Per-View Subscription Model
Man Bags 15 Years In Prison For N5.2m Fraud
Tax Evasion Appeal: Tribunal Orders Multichoice To Pay FIRS N900bn Deposit
For pulblication of your news content,
Advertise with us, Contact us at +234803-098-0314.
Please Kindly Follow us for breaking News, Read, Like, and Share our content.
©CDA News Media Limited.
