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.
The South Korean government has introduced a new digital system to track tax evaders’ cryptocurrency transactions. In a bid to crack down on tax evaders, the Gyeonggi tax department in South Korea
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, according to the head of the Internal Revenue Service. The IRS, with billions of dollars in new funding
Malta is at the centre of a brewing crisis with the European Union as it remains the last member state to operate the controversial “golden passport” scheme. This program allows foreigners
The recently presented plan outlines the joint efforts of the EU and China to implement the Memorandum of Understanding between the union and the world’s most populous country on the circular