Advanced Television

tax

MultiChoice resolves Nigeria tax problem

The Nigerian government has been pursuing South Africa’s MultiChoice for alleged multi-billion Rand unpaid tax duties on its pay-TV subscriptions in the county. MultiChoice has always denied the full implications of the tax demand and now says it has reached an “amicable resolution” of the taxation matters. “In broad of agreement,” says a statement, “MultiChoice […]

March 11, 2022By Chris Forrester

Denmark to levy streaming tax

Denmark is to levy a tax on streaming services in order to help fund home-grown TV and film output. The tax will be “up to 5 per cent” according to local reports. However, the OTT players – including Netflix, Disney+ and HBO Max – will be required to reveal their company algorithms which determine which […]

February 4, 2022By Chris Forrester

MultiChoice: “Tax claims are overstated”

MultiChoice, the South Africa based pay-TV operator, insists that it doesn’t have to pay the 50 per cent of the overall $4.34 billion back tax claimed by Nigeria’s Federal Inland Revenue Service (FIRS) for its pay-TV activities in Nigeria. MultiChoice, in a statement, said it believes the actual amount due is “substantially” less than the […]

August 31, 2021By Chris Forrester

MultiChoice hit by Nigerian “tax evasion” ruling

A Nigerian Tax Appeal Tribunal (TAT) has ruled that MultiChoice Nigeria, a subsidiary of the South African pay-TV broadcaster, must pay an immediate 50 per cent of the 1.8 trillion Naira (€3.7bn) claimed tax backlog. 1,822,923,909,313 Naira is the specific amount claimed, which is greater than MultiChoice’s overall Group market capitalisation. The news hurt MultiChoice’s […]

August 27, 2021By Chris Forrester

Netflix UK pays £3.2m 2019 tax

Netflix paid £3.2 million (€4.1m) in UK corporation tax in 2019. It billed an estimated £940 million (according to Ampere Analysis) to British subscribers in the period. It reported £120 million of revenue and pre-tax profit of £13 million on its operations here; the Netflix services for Europe and production. Subscriber fees from its 11 […]

January 22, 2021