MultiChoice to pay $37.3m tax debt in Nigeria
Africa’s biggest pay TV company, MultiChoice Group, says its Nigerian subsidiary has reached a settlement with the Federal Government via the Federal Inland Revenue Service and agreed to pay a total tax amount of about $37.3m, according to a Reuters report on Thursday.
FIRS froze MultiChoice Nigeria’s accounts in 2022 and served MultiChoice Group with a N1.8tn ($1.27bn) tax claim for its Nigeria operation and a $342m claim for value-added taxes.
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The group said in a statement that the total tax amount of N35.4bn to be paid by MultiChoice Nigeria and MultiChoice Africa Holdings would be offset against the security deposits and good faith payments made to date.
MultiChoice is the owner of the satellite television, DSTV, a popular subscription-based platform in Nigeria.
