MultiChoice Group has agreed to pay N35.4 billion as part of its tax obligations to the Federal Inland Revenue Service (FIRS).
Multichoice owns the satellite television services, DStv and GOtv — popular subscription-based platforms in Nigeria.
In a statement to shareholders on Monday, the firm said the payment is to offset against “security deposits”.
“Shareholders are advised that MultiChoice has reached a settlement with the FIRS in Nigeria in relation to the tax assessments raised in April 2021 on MultiChoice Nigeria (MCN) and in June 2021 on MultiChoice Africa Holdings BV (MAH),” the company said.
Tax Dispute: Multichoice Agrees To Pay N35bn To FIRS
