MultiChoice resolves Nigeria tax problem
March 11, 2022
By Chris Forrester
The Nigerian government has been pursuing South Africa’s MultiChoice for alleged multi-billion Rand unpaid tax duties on its pay-TV subscriptions in the county.
MultiChoice has always denied the full implications of the tax demand and now says it has reached an “amicable resolution” of the taxation matters.
“In broad of agreement,” says a statement, “MultiChoice will withdraw all pending lawsuits, and [Nigeria’s Federal Inland Revenue Service] resumed a forensic systems audit of MultiChoice accounts on Tuesday, 8 March to determine the tax liability of the company.”
“With the agreement and the resumption of the forensic systems audit, it is anticipated that the matters will be resolved expeditiously and shareholders will be kept informed of progress in this regard,” states MultiChoice.
Other posts by :
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
- 36 major airlines now committed to Starlink
- Quilty: Top 5 Washington Satellite show takeaways
- Space Wars: Starlink vs Amazon Leo
- Eutelsat seeks ISRO deal for launches
- Virgin Galactic sets prices for space tourists
- Devas vs Antrix rumbles on
- Shotwell makes TIME front cover