We’re implementing new VAT rate, not raising prices — MultiChoice
, has dismissed reports that it is set to increase subscription rates for its DStv and GOtv packages from June 1.
Multichoice said the 2.5 percent increase followed the signing of the Finance Act 2019 on January 13 by President Muhammadu Buhari. In a statement issued in Lagos, MultiChoice, said it did not start implementing the new VAT rate on 1 February 1 in order to provide relief for its customers, meaning that it absorbed the 2.5 percent hike by making its products and services available at the old rate of five percent.“We acknowledge that Nigerians are living under increased economic pressure and want to make every naira they spend count.
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