State Revenue Committee reveals tax evasion amounting to $69mln 

ArmInfo. The State Revenue Committee (SRC) of Armenia has revealed a new case of shadow turnover. About 8.2 billion drams in taxes have not been transferred  to the state budget.

According to the source, operational information was received that an  LLC engaged in the production and wholesale of galvanized and polymer  roofing metal tiles, water pipes, galvanized profiles for  plasterboard, corners and a number of construction products, does not  issue cash receipts at its retail outlets, does not draw up the  relevant accounting documents, as a result of which it understates  the actual sales turnover, does not calculate and does not pay  particularly large taxes to the state budget.

In order to implement the information received, employees of the  Investigation and Operational- Investigative Activities Department of  the State Revenue Committee carried out large-scale comprehensive  operational-intelligence activities. Based on the factual data  obtained, it was established that the company in question concealed a  real turnover of about AMD 27.5bln in the period from 2014 to 2024.  As a result, a particularly large amount of taxes in the amount of  8.2 billion drams was not calculated and paid to the state budget.

A criminal case was initiated on the fact of the crime, searches were  conducted at the legal and actual addresses of the enterprise, items  and documents of interest for the preliminary investigation were  seized.

The preliminary investigation continues in order to clarify all the  circumstances of the incident, the entire circle of persons involved  in the crime, the application of criminal-legal measures to them, as  well as compensation for damage caused by the incriminated crime.