• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

      FG Earmarks N13bn to Boost Power Infrastructure in Lagos, Ogun

      Centre for Crisis Communication, CCC,

      CCC Reviews Keyamo’s Crisis Management in Aviation Disputes

      NITDA Applauds Tech Giants for Advancing Online Safety in Nigeria

  • National
    • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three…

      FG, States, LGs Share N2.001trn for July, Says FAAC

      FG Unveils Personal Income Tax Calculator Under New Reform Laws

      ACF

      ACF Decries Worsening Insecurity in the North

      Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

    • Government
      • FG, States, LGs Share N2.001trn for July, Says FAAC

        FG Unveils Personal Income Tax Calculator Under New Reform Laws

        Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

        FG Subsidises Dialysis Cost to N12,000, Says Northwest Not Excluded

        Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

        Arewa Economic Forum Alleges Targeted Removal of NTA Chief, Calls for…

  • Security
    • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

      DSP Ikenga Tochukwu, PPRO Anamabra State Police Command,

      Police Command Moves to Address Protest Concerns in Anambra

      Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

      CDS, General Christopher Musa and Katsina lawmakers, led by Senator Abdulazeez Musa Yar’Adua,

      CDS, Katsina Lawmakers Strategize to Tackle Banditry

      CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

  • Features
    • The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Ribadu and the fall of Ansaru By Senator Iroegbu

      Fixing the Fault Lines in Nigeria’s Culture of Recognition, By Mukhtar…

      How Desperation Turns Nigerian Job Seekers Into Scam Targets By Tahir…

      Festus Keyamo Aviation Minister

      Rebuilding Trust in Nigeria’s Aviation Through Crisis Communication, By Mukhtar Ya’u…

      President Bola Ahmed Tinubu

      Citizen’s Diary: The message from the South-East to President Tinubu, by…

  • State
    • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

      CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

      ACF

      ACF Decries Worsening Insecurity in the North

      Nigerian Navy Personnel

      Navy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Creates 2 New Area Commands, Upgrades 5 Divisions in Benue…

  • Event
    • President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

      The Executive Secretary/CEO of the National Sugar Department Council (NSDC), Mr. Kamar Bakrin (L), with the CEO of Legacy Sugar Company, Alh. Abubakar Isa Musa (R), during the signing ceremony.

      NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of…

      Regional Vice President Western and Central Africa at the World Bank, Mr Ousmane Diagana pays a courtesy visit to Baze University

      World Bank Vice President visits Baze University, Commends Educational Standards, Assures…

      NIPR President Ike Neliaku and a recently inducted PR professional from Kano

      PHOTOS: NIPR Inducts 80 New PR Professionals in Kano to its…

    • PR Nigeria Award
  • E-Paper
Home Government South Africa firm, Multichoice Africa loses legal battle on $342M tax to...
  • Government

South Africa firm, Multichoice Africa loses legal battle on $342M tax to FIRS

By
Prnigeria
-
October 26, 2021
Multichoice logo
Multichoice logo

South Africa firm, Multichoice Africa loses legal battle on $342M tax to FIRS

The long drawn legal battle by the South African Company, Multichoice Africa Holdings B.V with the Nigerian government owned Federal Inland Revenue Services (FIRS) over the disputed $342M tax has been struck out.

The Tax Appeal Tribunal on Tuesday struck out the appeal instituted by the company for want of diligent prosecution and ordered It to pay up the $342M tax assessment handed over to It by the FIRS.

Multichoice Africa Holdings is the parent company of Multichoice Nigeria and has engaged FIRS in fierce legal fireworks to challenge the assessment of the FIRS on it of unpaid Value Added Tax (VAT) amounting to over $123.7 Million.

The tribunal while delivering its judgment on the appeal filed by the company upheld the preliminary objection of the FIRS against the appeal of Multichoice Africa Holdings B.V.

The Tribunal stated that the South African company did not comply with Order 3 Rule 6 of the Tax Appeal Tribunal (Procedure) Rules, 2021, which requires that an appellant is to deposit half of the assessed amount it is disputing before it can be heard on appeal.

Read Also:

  • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo
  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

In addition to depositing the sum, the appellant is required to file along with its appeal an affidavit verifying the payment which the company also failed to comply with.

According to the Tribunal, the sum is to be paid as a security for the hearing of any tax appeal. The rule states that “for an appeal against the tax authority, the aggrieved person will pay 50% of the disputed amount into designated account by the Tribunal before hearing as security for prosecuting the appeal”.

FIRS had served a notice of unpaid VAT on Multichoice Africa Holdings B.V. but the company vehemently challenged the assessment and filed an appeal at the tribunal.

It however failed to comply with provisions of tax laws by the refusal to make the required deposit as stipulated by the Tribunal Rules.

With the ruling, the FIRS is expected to enforce the payment of the principal sum of $123.7 million being unpaid VAT by Multichoice Africa Holdings B.V. as well as interest and penalty at $218 Million, totaling over $342 Million.

It will be recalled that the FIRS had served Multichoice Africa Holdings B.V. a notice of assessment of unpaid VAT on the 16th of June 2021.

The company had consequently appealed the assessment at the Tax Appeal Tribunal on the ground of being too excessive.

Multichoice Africa Holdings, the parent company of Multichoice Nigeria, though providing services to its Nigerian arm was said not to have paid Value Added Tax since inception.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • FIRS
  • Multichoice Africa
  • South-Africa
  • Tax
Previous articleMob Lynch Suspected informants in Kaduna
Next articleAnambra Elections: Police Boss Overhauls Security Landscape
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo

PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

FG, States, LGs Share N2.001trn for July, Says FAAC

FG Unveils Personal Income Tax Calculator Under New Reform Laws

Anambra Police Nab Suspected Vandals, Recover Transformer Parts, High-Tension Cables

Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

Chief of Defence Staff (CDS), Gen. Christopher Musa

CDS Musa Charges Citizens to Learn Combat Skills for Self-Defence

Counter-Terrorism: ​MNJTF, OPHK Commanders Assess Lake Chad Operations

CP Ikiouye Orutugu

Anambra Police Arraign Four Over Child Defilement

NSCDC: Interior Minister Decorates 22 Newly Promoted ACGs in Abuja

Recent Posts

  • CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, Wigo
  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors
  • Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment
  • CDS, Katsina Lawmakers Strategize to Tackle Banditry
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
CRUSHING BLOW: other Top Boko Haram commanders neutralized in Bita, WigoPolice Command Moves to Address Protest Concerns in AnambraPHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive DirectorsNigerian Military Refutes Misinterpretation of CDS Self-Defence CommentCDS, Katsina Lawmakers Strategize to Tackle BanditryFG, States, LGs Share N2.001trn for July, Says FAACLagos Police Intercept Vehicle Loaded with CannabisFG Unveils Personal Income Tax Calculator Under New Reform LawsACF Decries Worsening Insecurity in the NorthNavy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues Trafficking VictimsPolice Creates 2 New Area Commands, Upgrades 5 Divisions in Benue to Boost SecurityAnambra Police Nab Suspected Vandals, Recover Transformer Parts, High-Tension CablesTinubu Jets to Brazil After Japan Summit, Eyes Trade, Security DealsTroops Eliminate 2 Top ISWAP Commanders, Others in BornoSaudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano
X whatsapp