Monday, March 25, 2024

Nigeria files tax evasion charges against Binance

Nigeria's tax agency has filed tax evasion charges against crypto platform Binance, it said in a statement on Monday.

The cased filed by the Federal Inland Revenue Service (FIRS) in Abuja accuses Binance of four counts of tax evasion.

Binance was not immediately available to comment.

The charges include 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, the FIRS said.

By Camillus Eboh, Reuters

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