Nigeria’s tax handling agency, Federal Inland Revenue Service (FIRS), filed a tax evasion case against Binance Holdings Limited earlier this year. The case, set for a Federal High Court in Abuja, was adjourned after executive Tigran Gambaryan failed to appear in court.
Gambaryan and Nadeem Anjarwalla, who fled the country in March, face a 4-count charge of tax evasion following accusations they didn’t register with the FIRS to pay relevant taxes. The agency claims that Binance offered taxable services to subscribers without issuing invoices to determine their VAT payments.
Gambaryan’s counsel, Chukwuka Ikwuazo (SAN), explained that his client’s absence was due to his incarceration with the Correctional Service, which rejected the request to present him to the court. The court adjourned the case to June 14 for arraignment.
In recent years, there has been a significant surge in the number of family offices worldwide, tripling since 2019 and triggering intensified competition among private equity firms, hedge funds, and
Press Release from Carey Olsen, Thursday 26 September, 2024. Carey Olsen Bermuda Limited partner Steven Rees Davies has been recognised as one of Bermuda’s leading practitioners for Fintech
The number of HMRC investigations into serious tax fraud and avoidance has fallen to the lowest level in six years, new figures show. Total investigations, known as Code of Practice eight and nine cases,
Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies said this in a Tuesday