ArmInfo. The State Revenue Committee (SRC) of the Republic of Armenia has reported the exposure of another major tax evasion scheme within the country's fuel sector.
The source notes that the agency received intelligence indicating that a company operating on the Yerevan- Sevan highway and engaged in retail fuel sales was not fully reflecting its sales revenue in tax returns submitted to the tax office. SRC officers conducted extensive investigative operations. Sales data from fuel pumps installed at the company's gas stations was seized and examined. Accounting ledgers and notebooks containing sales records were simultaneously examined.
The cross-check revealed that between 2022 and 2026, the company underreported its sales revenue by approximately 600 million drams across compressed natural gas (CNG), liquefied petroleum gas (LPG), gasoline, and diesel fuel sales. Consequently, roughly 210 million drams in unpaid taxes failed to reach the state budget.
Following the investigation, the SRC forwarded a formal report of the offense to the Investigative Committee of Armenia, where a criminal case has been initiated under the relevant provisions of the RA Criminal Code.
