ArmInfo. Armenia's State Revenue Committee (SRC) has uncovered a major tax evasion scheme involving a hotel and restaurant complex operating in the resort town of Tsaghkadzor, which allegedly failed to pay approximately 78.4 million drams in taxes.
According to the SRC press service, intelligence indicated that the company was systematically concealing its actual sales turnover and underreporting employee salary funds. Comprehensive operational and investigative measures revealed that between 2023 and 2026, the company submitted heavily distorted data to tax authorities.
Specifically, while the company reported approximately 190.2 million drams in employee salary funds for the 2023–2026 period, actual payroll data obtained through investigations exceeded 340.4 million drams. Additionally, investigators established that the company's actual catering turnover from January 1 to June 15, 2026, totaled roughly 237.5 million drams, whereas reported taxable revenue for the same period stood at only about 136.5 million drams.
Based on the findings, the SRC transmitted a report detailing the apparent criminal offense to the Main Directorate for the Investigation of Economic Crimes and Smuggling under the Investigative Committee of the Republic of Armenia, where criminal proceedings have been formally initiated.
