Coin

<ul class="news-points">
 <li>Nigeria’s FIRS has taken legal action against Binance for alleged tax evasion.</li>
 <li>The charges include failure to pay VAT, company income tax, and failure to file tax returns.</li>
 <li>Two Binance executives are currently in the custody of the Economic and Financial Crimes Commission.</li>
</ul>
Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against crypto giant Binance for alleged tax evasion. On March 25, the FIRS filed a criminal charge before the federal high court in Abuja, accusing Binance of multiple counts of tax evasion. Details of the charges were captured in local media, <a href="https://www.thecable.ng/breaking-fg-files-tax-evasion-charges-against-binance" target="_blank" rel="noopener noreferrer nofollow">TheCable</a>.
The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, implicates Binance alongside two senior executives, Tigran Gambaryan and Nadeem Anjarwalla. According to the report, these Binance executives are currently <a href="https://coinedition.com/binance-executives-remain-under-nigerian-governments-custody/" rel="noopener noreferrer nofollow">in the custody</a> of the Economic and Financial Crimes Commission (EFCC).
The charges against Binance include failure to pay value-added tax (VAT), company income tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform. Additionally, Binance is accused of failing to register with the FIRS for tax purposes and co…
The post <a href="https://coinedition.com/federal-government-of-nigeria-charges-binance-with-tax-evasion-details/" rel="noopener noreferrer nofollow">Federal Government of Nigeria Charges Binance With Tax Evasion: Details</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Federal Government of Nigeria Charges Binance With Tax Evasion: Details

Coin Edition

Autres articles publiés le 25 mars 2024

AI Initiative Mobilizes Volunteers to Save Hedgehogs

Ethereum ETF Decisions to Start in May

Arbitrum Whales Initiate Major Moves Post-$2.3B Token Unlock: Market Impact and Future Projections

BRN Metaverse (BRN) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Meme Coin Frenzy: Here’s Why dogwifhat (WIF) and Dogecoin (DOGE) Could be Poised for Major Price ...

Polygon’s Market Resurgence Faces Investor Hesitancy

Join our free newsletter for daily crypto updates!