The Federal Inland Revenue Service (FIRS) has filed criminal charges against Binance, a leading cryptocurrency exchange platform.
The lawsuit, filed at the Federal High Court in Abuja accuses Binance of four separate tax offenses.
They include non-payment of Value Added Tax (VAT); failure to file tax returns; non-payment of Company Income Tax (CIT) evasion and aiding customer tax evasion.
The FIRS alleged that Binance’s platform facilitated customer tax evasion.
In a statement on Monday in Abuja, the FIRS noted that filing the suit goes beyond the issue of registration, asserting that Binance failed to adhere to existing Nigerian tax regulations.
The lawsuit claimed that Binance did not register with the FIRS as required by law while another charge alleges that Binance’s operations violated established tax regulations in Nigeria.
(THE NATION)
