ArmInfo.In 2018, the State Revenues Committee of Armenia initiated criminal cases against insurance companies of the republic, with the exception of one. Deputy chairman of the State Revenue Committee (SRC) of Armenia Edward Hovhannisyan announced this on August 13 at a meeting with reporters.
Thus, according to the deputy head of the SRC, the fixed criminal cases concerned the costs of intermediary services. As Hovhannisyan pointed out, insurance companies from them created and operated by individual entrepreneurs (IP)- VAT tax payers received the services of an insurance intermediary without hired employees and wrote out settlement documents exclusively to insurance companies, thus ensuring a high percentage of services. According to the data obtained during the preliminary investigation, the services of the insurance intermediary provided by the IP were not real, as a result of which insurance companies showed unreasonable deductions in calculating income tax from gross income.
In these criminal cases, 138 million drams have already been restored at this stage. "A number of insurance companies, during inspections, independently submitted updated tax reports, paying unpaid taxes," said the representative of the State Revenue Committee. "At the same time, the preliminary investigation in criminal cases in relation to a number of insurance companies continues," the headquarters of the State Duma said.
Earlier, ArmInfo reported that a number of insurance companies were opened in the Investigative Department of the State Revenue Committee in relation to a number of insurance companies on the grounds of Article 205 of the RA Criminal Code on the fact of tax evasion, duties or other obligatory payments by including in accounting books or other documents considered to be the basis for taxation, deliberately distorted data. In July this year it was reported that during the investigation some insurance companies, realizing and acknowledging violations in calculating taxes in the course of their activities, showed the proper behavior of the taxpayer. In particular, before conducting complex tax audits, the latter independently calculated and submitted the updated reports to the tax authority and paid the tax liabilities arising from them in the amount of about 218 million 483 thousand drams.