DStv reviews subscriptions upwards

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MULTICHOICE will increase DStv subscriptions with effect from June 1 after the government in January introduced value added tax (Vat) on externally sourced pay-TV services.
In a statement last night, MultiChoice said although the Vat became effective on January 1, it had absorbed it for the first five months.
“The business will start charging Vat on its services from June 1, 2020, so it may continue injecting this much-needed revenue into the local economy.
“This comes at a time when current macro-economic factors require financial authorities to collect revenue from a range of sources, especially when the ongoing Covid-19 crisis is making unprecedented demands on national exchequers.
“MultiChoice has long been sensitive to Zimbabweans’ special economic circumstances and as a result did not increase subscription prices for any of its DStv products for the past four years, freezing prices for three of those years and reducing fees in November 2016 and September 2017.
“However, in order to remain sustainable as a business, the price adjustments are necessary to ensure we continue to deliver the best local and international content, innovative technology and excellent service to Zimbabwean DStv viewers,” the company said in the statement.
From June 1, the new DStv prices would be Lite US$8 (from US$7), Access US$13 (from US$11), Family US$19 (from US$17), Compact US$29 (from US$25), Compact Plus US$45 (from US$40), Premium US$75 (from US$65), HD PVR Premium US$88 (from US$76); XtraView Access Fee US$13 (from US$11) and Indian US$37 (from US$32).
“These price adjustments have been kept as low as possible, and in the case of the Lite, Family and Compact Plus packages, the adjustments are less than the prevailing Vat rate of 14,5 percent.
“While these have been necessary price adjustments brought about by legislative requirements and economic conditions beyond MultiChoice’s control, we remain committed to assisting consumers wherever it can during these challenging times,” the company added.

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