FRESH NEWS: FG ACCUSES BINANCE OF TAX EVASION.

According to CableNG, the F.G. has charged popular cryptocurrency firm Binance with criminal mischief for “tax evasion.”

According to a statement released on Monday, the Federal Inland Revenue Service (FIRS) brought the allegation before the federal high court in Abuja on March 25.

The action is intended to preserve fiscal prudence and protect the nation’s economic integrity, according to the FIRS.

The case, which is filed under the file number FHC/ABJ/CR/115/2024, charges “Binance with four counts of tax evasion.” Both senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, who are currently being held by the EFCC, have joined the cryptocurrency business as second and third defendants in the lawsuit, according to the announcement.

According to the FIRS, Binance is accused of failing to file tax returns, failing to pay company income tax, failing to pay value-added tax (VAT), and conspiring to help users of its platform avoid paying taxes.

According to the FIRS, Binance is accused of failing to file tax returns, failing to pay company income tax, failing to pay value-added tax (VAT), and conspiring to help users of its platform avoid paying taxes.