MultiChoice Group Settles N35.4 Billion Tax Dispute with FIRS

MultiChoice Group has agreed to pay N35.4 billion as part of its tax obligations to the Federal Inland Revenue Service (FIRS).

Multichoice, the owner of satellite television services DStv and GOtv, which are well-known subscription-based platforms in Nigeria, has announced that they will be making a payment to offset “security deposits” according to a statement addressed to shareholders on Thursday.

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“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.