Tax Dispute: FIRS, MultiChoice Nigeria Agree To Resolve Tax Dispute

Posted on March 10, 2022
Tax Dispute: FIRS, MultiChoice Nigeria Agree To Resolve Tax Dispute.

The Federal Inland Revenue Service (FIRS) and leading pay television service provider, MultiChoice Nigeria, have agreed to an amicable resolution of their pending tax disputes which led to a series of lawsuits.

Both parties announced the agreement in a joint press release issued on Wednesday in Abuja.

By the broad terms of the agreement, MultiChoice shall withdraw all pending lawsuits towards an amicable resolution of the dispute. Also, as part of the agreement, the FIRS commenced a Forensic Systems Audit of MultiChoice accounts on Tuesday, 8 March 2022 to determine the tax liability of the Company.

In April last year (2021), the FIRS issued Notices of Assessment and Demand Notices in the sum of N1.82 trillion on the Company.

MultiChoice, which disputed the assessments, approached the Tax Appeal Tribunal (TAT). This development led to a series of cases at both the TAT and the Federal High Court.

With the agreement and the resumption of the Forensic Systems Audit, it is expected that the dispute will be resolved very soon.

Leave a Reply

Your email address will not be published.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

Latest News

Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation, has been appointed to the... Continue
The Africa Film Finance Forum (AFFF) will convene film industry stakeholders in Lagos, Nigeria,... Continue
If there’s one thing Big Brother Naija Season 10 has proven, it’s that eviction... Continue
CHUKA UBAH  Operatives from the Rivers State Police Command have arrested a 48-year old... Continue
ISAIAH ILELABOYE In what could be termed ignis fatuus, the two big IFAs Ekiti... Continue
  The stage is set for the inaugural edition of the 911 Community League... Continue
The Minister of Solid Minerals Development, Dr Dele Alake has described the verdict that... Continue
KINGSLEY EBERE  The Chairman of Council of Ezendigbo in Lagos State, Eze Agbawodikeizu Nwalozie,... Continue
MICHAEL AKINOLA  A 60-year old clergyman, Pastor Ajayi Femi, has been arrested and charged... Continue
Dangote bought 4000 CNG trucks and said his drivers would not be allowed to... Continue

UBA


Access Bank

Twitter

Sponsored