Denmark is to levy a tax on streaming services in order to help fund home-grown TV and film output. The tax will be “up to 5 per cent” according to local reports. However, the OTT players – including Netflix, Disney+ and HBO Max – will be required to reveal their company algorithms which determine which […]

MultiChoice, the South Africa based pay-TV operator, insists that it doesn’t have to pay the 50 per cent of the overall $4.34 billion back tax claimed by Nigeria’s Federal Inland Revenue Service (FIRS) for its pay-TV activities in Nigeria. MultiChoice, in a statement, said it believes the actual amount due is “substantially” less than the […]

A Nigerian Tax Appeal Tribunal (TAT) has ruled that MultiChoice Nigeria, a subsidiary of the South African pay-TV broadcaster, must pay an immediate 50 per cent of the 1.8 trillion Naira (€3.7bn) claimed tax backlog. 1,822,923,909,313 Naira is the specific amount claimed, which is greater than MultiChoice’s overall Group market capitalisation. The news hurt MultiChoice’s […]

Netflix paid £3.2 million (€4.1m) in UK corporation tax in 2019. It billed an estimated £940 million (according to Ampere Analysis) to British subscribers in the period. It reported £120 million of revenue and pre-tax profit of £13 million on its operations here; the Netflix services for Europe and production. Subscriber fees from its 11 […]