The Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform, in a move aimed at upholding fiscal responsibility and preserving the economic integrity of the nation.
The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS).
The charges leveled against Binance include allegations of non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, complicity in aiding customers to evade taxes through its platform and neglecting to register with FIRS for tax purposes and contravening existing tax regulations within the country.
The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS).
The charges leveled against Binance include allegations of non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, complicity in aiding customers to evade taxes through its platform and neglecting to register with FIRS for tax purposes and contravening existing tax regulations within the country.
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