Summary
Binance exchange executives detained for tax evasion charges, including non-payment of VAT and Company Income Tax, failure to file tax returns, and aiding customers in evading taxes through its platform. Charges announced by FIRS and filed at Federal High Court in Abuja.
Key Points
1. Binance executives have been detained by the government in connection with tax evasion charges.
2. The Federal Inland Revenue Service filed charges against Binance at the Federal High Court in Abuja.
3. Binance is accused of non-payment of Value-Added Tax, Company Income Tax, failure to file tax returns, and aiding customers in tax evasion through its platform.