MultiChoice Ordered to Make R33 billion Billion Nigeria Tax Payment

Didn't they learn from the last company to be held hostage by the tax authorities? MTN?

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Nigerian revenue service freezes MultiChoice bank accounts for R63 billion in taxes

MultiChoice bank account freeze in Nigeria over R63 billion in taxes MultiChoice is facing the freezing of its bank accounts in Nigeria over a dispute involving 1.8 trillion naira (R63 billion) with the country’s Federal Inland Revenue Service (FIRS), Reuters reported. According to the report...
mybroadband.co.za mybroadband.co.za
 
grok said:
How much is a billion billion?
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Oh it's MultiChoice...my heart beats lumpy custard for them.

Maybe they will have to raise the prices again, if they just drop the crap they show, they will free up more satellite bandwidth, and broadcast in proper quality, stuff that subscribers will pay for.
 
Nigerian government are serials at this. Crude oil prices down from 2012 and their inability to collect taxes means they are desperate.
 
R33 billion :ROFL: :ROFL: :ROFL:

That's some shakedown given that they didn't even make that number in Revenue in 2020

With a revenue of around 27bn and profit of around 2.7bn I'd like to see how they expect a 'fine' like that to be paid.
 
Bwahahaha... Least we know roughly what the hole in Nigerias budget is..
 
  • Haha
Reactions: air
Mike Hoxbig said:
Do business in dodgy countries, then pay their dodgy taxes...
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They wanted those millions of nigerians money.. now nigeria government wants their cut.

edit: I wonder.. MC paid the bribes (normal africa tax) to get in there ... did the government get greedy ?
 
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