FIRS, MultiChoice Nigeria Agree To Resolve Tax Dispute

The Federal Inland Revenue Service (FIRS) and MultiChoice Nigeria have agreed to an amicable resolution over pending tax disputes.

Both parties announced the agreement on Wednesday in Abuja.

News Rain Nigeria reports that as part of the agreements, MultiChoice will withdraw all pending lawsuits, and FIRS will conduct a forensic system of the company’s accounts.

By the broad terms of the agreement, MultiChoice shall withdraw all pending lawsuits towards an amicable resolution of the dispute.

FIRS, MultiChoice Nigeria Agree To Resolve Tax 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.

Recall that 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.