MultiChoice Agrees To  Pay $37.3m To Nigeria For Tax Settlement

MultiChoice Group, a pan-African television broadcaster, has revealed that its businesses have settled with Nigerian tax authorities and agreed to pay around $37.3 million in taxes overall.

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.”

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In 2022, Nigeria’s tax governing body, 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 owns DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto, and KingMakers and offers services to over 23.5 million households in 50 markets across sub-Saharan Africa.