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MultiChoice agrees to pay Nigeria $37.3m for tax liabilities

*The MultiChoice Group announces its subsidiaries have reached ‘a settlement’ with Nigeria’s Federal Inland Revenue Service to pay about $37.3 million in tax liabilities

Isola Moses | ConsumerConnect

Following its years of grandstanding, and what some have described as the firm’s corporate irresponsibility exhibited to the Nigerian regulatory agencies in the past few years, the Multichoice Group has disclosed its subsidiaries reached “a settlement” with the West African country’s tax authorities, agreeing to pay about $37.3 million in tax liabilities.

The pan-African pay TV company reportedly 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.”

MultiChoice owns DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto, and KingMakers, and it offers services to over 23.5 million households in 50 markets across sub-Saharan Africa, according to report.

It is recalled Nigeria’s  Federal Inland Revenue Service (FIRS), in 2022, froze MultiChoice Nigeria’s accounts and served MultiChoice Group with a N1.8 trillion ($1.27 billion) tax claim for its Nigerian operations and a $342 million claim for value-added taxes the company owed the country.

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.

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