Nigeria charges Binance with tax evasion, non-registration, and aiding tax avoidance.

Nigeria has filed charges of tax evasion against cryptocurrency platform Binance and two detained executives. The Federal Inland Revenue Service accuses Binance of non-payment of value-added-tax and company income tax, failure to file tax returns, and aiding customers to evade taxes through its platform. Binance is also accused of failing to register with the FIRS for tax purposes and contravening existing tax regulations within the country.

March 25, 2024
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