Upholding FISCAL Responsibility: FG Files Tax Evasion Charges Against Binance. - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (A.M)
March 26, 2024
The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service, FIRS.
The lawsuit implicates Binance with a four-count tax evasion accusation.
The charges leveled against Binance include allegations of non-payment of Value-Added Tax, VAT, Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform.
Furthermore, the Federal Government accuses Binance of neglecting to register with FIRS for tax purposes and contravening existing tax regulations within the country.