Categories: BusinessNews

We’ll work with FIRS to prove our tax compliance, says MultiChoice

MultiChoice Nigeria says it has not received any notification from the Federal Inland Revenue Service (FIRS) over alleged tax evasion.

FIRS, on Thursday morning, announced the appointment of some commercial banks as agents to recover N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA).

Muhammad Nami, FIRS chairman, said the decision to appoint the banks as agents and freeze the accounts was due to the group’s continued refusal to grant FIRS access to its servers for audit.

In a statement, Bamidele Johnson, the DStv Multichoice media coordinator, said the company would comply with the tax laws of Nigeria.

“MultiChoice Nigeria has not received any notification from FIRS. MultiChoice Nigeria respects and is comfortable that it complies with the tax laws of Nigeria,” the company said.

“We have been and are currently in discussion with FIRS regarding their concerns and believe that we will be able to resolve the matter amicably.”

Multichoice is the owner of the satellite televisions, DStv and Gotv – popular subscription-based platforms in Nigeria.

In May, FIRS had threatened to commence deduction of taxes directly from the bank accounts of defaulters.

The agency said it became necessary as companies, corporations, ministries, departments, agencies (MDAs), and other collection agents illegally withhold taxes.

It said it had served notices to all concerned companies, corporate entities, and other collection agents.

 

 

 

 

 

 

 

 

 

 

 

 

Trends Admin

Recent Posts

Appeal Court Confirms Nenadi Usman as Labour Party Leader, Dismisses Abure’s Suit

Appeal Court Confirms Nenadi Usman as Labour Party Leader, Dismisses Abure’s Suit The Court of…

23 minutes ago

Power Firm to Hold Virtual Stakeholder Meeting on Rainy Season Electrical Safety

Power Firm to Hold Virtual Stakeholder Meeting on Rainy Season Electrical Safety A power distribution…

2 hours ago

House of Reps Hit by Massive Defections as PDP Loses Five Members

House of Reps Hit by Massive Defections as PDP Loses Five Members Nigeria’s political landscape…

2 hours ago

Trump Rules Out Ceasefire Extension With Iran

Trump Rules Out Ceasefire Extension With Iran US President Donald Trump has ruled out extending…

2 hours ago

Blessing CEO Returns to Instagram, Deletes Cancer Claim Posts

Blessing CEO Returns to Instagram, Deletes Cancer Claim Posts  Controversial Nigerian social media influencer, Blessing…

2 hours ago

FG Disburses ₦9.9bn Cash Transfer to Vulnerable Households in Ondo

FG Disburses ₦9.9bn Cash Transfer to Vulnerable Households in Ondo The Federal Government, under the…

2 hours ago