A tax tribunal sitting in Lagos has cleared MultiChoice Nigeria, owners of entertainment services, DStv and GOtv, to appeal the ₦1.8 trillion ($4.4 billion) tax bill levied on it by the Federal Inland Revenue Service (FIRS).
According to Bloomberg, the company was allowed to continue with the appeal after paying an ₦8 billion ($19.4 million) deposit.
It was initially required to deposit half the levy — ₦900 billion ($2.2 billion) — it allegedly owes the FIRS before it could continue with the appeal.
Why? Because, according to Abdullahi Ahmad, FIRS Director, Communications and Liaison Department, it is in line with the FIRS Act of 2007.
Recall that in July 2021, the FIRS directed some commercial banks to freeze and recover ₦1.8 trillion ($4.4 billion) from MultiChoice.
This is an excellent time to revisit Nigeria’s tax authority queries MultiChoice over possible ₦1.8 trillion tax fraud.
Culled from https://techpoint.africa/