Pan-African Television broadcaster MultiChoice Group, says its subsidiaries have reached a settlement with Nigerian tax authorities.
Gatekeepers News reports that Multichoice (owner of DSTV and GoTV) said they have agreed to pay a total tax of about $37.3 million.
According to a report by Reuters, the broadcaster 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.”
In 2022, the Federal Inland Revenue Service (FIRS) froze MultiChoice Nigeria’s accounts and served MultiChoice Group with a N1.8 trillion ($1.27 billion) tax claim for its Nigerian operation and a $342 million claim for value-added taxes.
The broadcaster, which also owns Showmax, M-Net, SuperSport, Irdeto, and KingMakers, offers services to over 23.5 million households in 50 markets across sub-Saharan Africa.
