State Revenue Committee reveals taxation avoiding offshore company

ArmInfo. The State Revenue  Committee revealed an offshore company avoiding tax payments. 

According to the information shared to ArmInfo   by  the State  Revenue Committee press-office, the Committee has revealed a Company  of "K & K", which has build   residential building. All the segments  of the building mentioned had been alienated to three companies:   Ak&AK Building Technologies Ltd, AIG and Lasked Ltd, which are  foreign resident   legal entities. Particularly, the Company of  "Ak&Ak Building Technologies Limited", registered at the British  Virgin Isles, initiated the sale of apartments and parking sites  without implementing the taxation liabilities  with a volume of    AMD251 mln.

Beside that, the Department of Law Violations and Administrative  Charges of the State Revenue Committee has returned to the budget  more than AMD 117 mln. Due to basic data received, 44 criminal cases  have been initiated, 21 of which have been cancelled and 18  considered subject to put under investigation. AMD 665.8 mln and AMD   25.7 mln have   reimbursed in respect to raised and  cancelled  cases  respectively.

Further, 49 cases due to property alienations with overall tax  liabilities volume of AMD 1.6 bln   have been  raised The Bugdet has  been refilled with AMD 89.9 mln, as well as with AMD 1.74  mln  comprising penalties and custom clearance fees.