DSTV Owners To Pay 900bn Tax To Nigerian Govt : Here’s Why
A Tax Appeal Tribunal, TAT, sitting in Lagos has ordered Multichoice Nigeria Limited to deposit 50 per cent of the disputed N1.8 trillion tax with the Federal Inland Revenue Service.
FIRS spokesman, Abdullahi Ahmad, disclosed this in a statement, yesterday.
Multichoice is the owner of the satellite televisions, DStv and Gotv, popular subscription-based platforms in Nigeria.
In July, the FIRS had appointed some commercial banks agents to recover N1.8 trillion from accounts of MultiChoice Nigeria Limited, MCN, and MultiChoice Africa, MCA.
DSTV Owners To Pay 900bn
Mr Ahmad explained that FIRS discovered the backlog through a forensic audit as it showed that Multichoice Nigeria Limited had failed to pay to the Government of Nigeria in past assessment years.
He said the five-member TAT led by its Chairman, A.B. Ahmed, issued the order following an application to it by the Counsel to FIRS.