Additionally, the FIRS claimed that despite providing taxable services to subscribers on its trading platform, the company neglected to issue invoices to these subscribers, hindering the determination and payment of its value-added taxes.
FIRS also stated that the defendants aided and abetted subscribers on their trading platform in unlawfully avoiding tax payments or neglecting to fulfill their tax obligations.
Moreover, the company and its officials were further alleged to have provided services to subscribers on their trading platform for cryptocurrency transactions, such as remittance and transfer services, without deducting the necessary VAT as legally obligated..
Read Full Story
More Headlines
Only Political Jobbers, Ihedioha’s Domestic Staff Left PDP – Party LG Chairman, Nnabuihe
Shettima Departs For Kenya To Attend IDA Summit
I Will Reconcile Atiku And Wike If I Emerge PDP National Chairman – Suswan
‘JAMB Set To Release 2024 UTME Result’
Rivers Crisis: Wike Did Not Make Fubara The Governor Of Rivers State – PDP Chieftain
Tinubu Only Leading Nigeria On A Journey To The Abyss, Can Not Change The Fortunes Of The Country – Suswam
My Govt Is Using Technology To Fight Corruption, Ensure Transparency – Tinubu Tells Bill Gates
Tinubu Orders Umahi To Start Sokoto-Badagry Coastal Highway Design
Tragedy As 19 Persons Die In Kogi Auto Crash
Tinubu Secures $600 Million Seaport Investment With Maersk
NAF Bombs Stronghold Of Notorious Bandit Leader In Niger State
Notorious Boko Haram Terrorist Surrenders Self, Arms To Troops
Tinubu Expresses Sadness Over Rivers Tanker Fire Incident
Prices Of Rice, Spaghetti, Beans, Other Foodstuffs Drop [See New Prices]
FCCPC Gives Update On Abuja Chinese Supermarket, MultiChoice, Others