By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: MultiChoice Will Pay Settlement Of $37.3 Mln To Nigerian Tax Authorities
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > MultiChoice Will Pay Settlement Of $37.3 Mln To Nigerian Tax Authorities
Business

MultiChoice Will Pay Settlement Of $37.3 Mln To Nigerian Tax Authorities

hallanaija
Last updated: February 8, 2024 12:37 pm
hallanaija
2 years ago
Share
SHARE
 Africa’s biggest pay TV company MultiChoice Group (MCGJ.J), opens new tab said on Thursday its subsidiaries have reached a settlement with Nigerian tax authorities and agreed to pay a total tax amount of about $37.3 million.
Nigeria’s Federal Inland Revenue Service (FIRS) froze MultiChoice Nigeria’s accounts in 2022 and served MultiChoice Group with a 1.8 trillion naira ($1.27 billion) tax claim for its Nigeria operation and a $342 million claim for value-added taxes.
The group said in a statement the total tax amount of 35.4 billion naira to be paid by MultiChoice Nigeria and MultiChoice Africa Holdings will be offset against the security deposits and good faith payments made to date.
READ MORE  KTDA considers keeping separate records for the two virtual parent factories.
Tomato Prices Shoot Up As Heavy Rains Pound Most Parts of Country
KenGen will bring 42.5 MW of solar power to the Seven Forks area.
Kenya eyes cheap fertiliser from Tanzania amid increased shortage
Equity net profit rises 15pc to record Sh46bn
Isuzu East Africa pays record Sh1 billion dividend
Share This Article
Facebook Email Print
Previous Article Zimbabwe Working On Measures To Stabilise Currency, Central Bank Governor Says
Next Article 13 Dead, 27 Missing After Sudan Migrants Boat Sinks In Tunisia Coast
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Chelsea are planning a contract until 2031 for Xavi Simons. Personal terms are verbally agreed, with written details set to be finalised next week.
  • Liverpool finally have their new Philippe Coutinho with £100m transfer inevitable
  • RB Leipzig Close in on Harvey Elliott as Liverpool Midfielder Eyes Xavi Simons Role
  • Jay-Z officially becomes World’s richest musician with $2.5 Billion net worth
  • Mombasa blogger who was sodomised decries abandonment, says life in danger

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?