Friday, September 13 2024 16:53
Naira Badalian

SRC: Damage caused to state -155 million AMD 

SRC: Damage caused to state -155 million AMD 

ArmInfo. The State Revenue Committee (SRC) of Armenia has uncovered a case of tax evasion  involving a construction materials company that underreported its actual turnover to avoid paying significant amount of taxes.  

According to the source, operational data was received that a company  located on Rubinyants Street in Yerevan, which trades in construction  materials, does not provide cash receipts when selling products and  does not issue corresponding tax invoices, leading to significant tax  evasion.

As a result of complex and large-scale operational and investigative  measures, the operational data was confirmed. The actual data shows  that for 2022-2024 the company concealed a sales turnover of  approximately 490 million drams (AMD).  According to preliminary  estimates, the damage caused to the state amounted to about 155  million AMD. 

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