Africa’s leading cable TV company, MultiChoice Group has announced that its Nigerian subsidiary has agreed to pay about $37.3 million as part of a tax settlement arrangement with the Nigerian tax authorities. According to a statement by the group, the total tax amount (35.4 billion naira) will be offset against the security deposits and good faith payments made to date. At that time, the FIRS noted that the level of non-compliance by Multi-Choice Africa (MCA), the parent Company, the Multichoice Group was alarming. It added that the parent company, which provided services to Multichoice Nigeria had never paid Value Added Tax (VAT) since its inception. Similar: Multichoice confirms Nigerians will pay more for DStv, GOtv subscription from May 1stNigeria contributes about 34 per cent of total revenue for the Multi-Choice group.