Connect with us

    Hi, what are you looking for?

    News

    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 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.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published.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

    ad

    You May Also Like

    News

    Bill Gates, Chair of the Bill & Melinda Gates Foundation, has called on global leaders to make bold choices that could save millions of...

    News

    South Korea has opened a criminal trial for Kim Keon Hee, the wife of impeached former president Yoon Suk Yeol, marking the first time...

    News

    Mayor of London, Sadiq Khan has strongly condemned Donald Trump after the US President used a speech at the United Nations to launch a...

    Health

    Trump made the announcement on Monday, September 22, in the Oval Office alongside Health Secretary Robert F Kennedy Jr, who said the FDA will...