Tuesday, August 13 2019 16:03
Naira Badalian

Armenian insurance companies paid previously unpaid taxes in the  amount of 138 million drams to the state treasury

Armenian insurance companies paid previously unpaid taxes in the  amount of 138 million drams to the state treasury

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. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000