Business Maverick: Nigeria Settles $4.4 Billion Tax Dispute With MultiChoice

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Nigeria’s tax authority agreed to an out-of-court settlement with MultiChoice Group Ltd., Africa’s biggest pay-TV provider, over a $4.4 billion tax dispute.

The South African company will withdraw all pending lawsuits and the Federal Inland Revenue Service will conduct a forensic audit of MultiChoice’s accounts to determine the company’s tax liability, the Abuja-based authority said in a statement on Wednesday. It didn’t provide details of the settlement.

MultiChoice went to court last year to challenge the penalty imposed by the tax authority, which said the owner of the DSTV service skipped taxes and denied auditors access to its servers.The dispute was the latest between Nigeria and South African firms operating in the country, though previously the primary target has been wireless carrier MTN Group Ltd.

Johannesburg-based MTN paid a more than $1 billion fine and agreed to list its Nigerian operation in Lagos following a dispute over cancelling subscriptions of people without proper registrations in 2016, though fended off fines over tax and the repatriation of funds in later years. MultiChoice’s shares have held up over the eight months since the initial tax claim, gaining 9.2% over the period. They rose 2.1% by the close in Johannesburg on Wednesday, valuing the company at 54 billion rand .

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: Apple Unveils New iPad Air, iPhone SE and Desktop MacApple Inc. introduced 5G versions of its low-end iPhone SE and iPad Air tablet, as well as a redesigned Mac desktop computer and faster processor, kicking off what’s likely to be its most prolific year yet for new product releases. If you want to take your knowledge to the next level in Crypto and know about next gem coins to make your own profits then follow LindaStouffes
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: China Construction Bank Unit Gets Reprieve on Metal Margin CallsA unit of China Construction Bank Corp. was given additional time by the London Metal Exchange to pay hundreds of millions of dollars of margin calls it missed Monday amid an unprecedented spike in nickel prices, according to people familiar with the matter.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: South African Assets Become Unexpected Haven for Foreign BuyersSouth African assets are finding favor among foreign buyers even as investors shed most of their riskier holdings after Russia’s invasion of Ukraine.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: McDonald’s, Coca-Cola Hit Pause on Russia Amid Rising BacklashMcDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. This can look good but if the war last longer it can push some Rasians to start alternative business and after the war they found they no longer have market
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Oil Pushes Higher After U.S. Escalates Russia Sanctions With BanOil continued its rally near $126 a barrel after President Joe Biden said the U.S. would ban the import of Russian crude, escalating efforts to hobble the nation’s economy that will further strain global energy markets.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Corporate Exodus From Russia Becoming a RoutNetflix, TikTok, Samsung and credit card operators have joined the lengthening list of businesses cutting ties with Russia or reviewing their operations in the country as repetitional and financial risks mount.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »