Large-scale tax evasion revealed at property owned by Gagik Tsarukyan 

ArmInfo. Following a series of comprehensive operational and investigative measures, the State Revenue Committee (SRC) of Armenia has uncovered a case of large- scale tax evasion. 

According to the SRC press service, the audit has revealed that one  of the sports and fitness centers operating in Yerevan had been  systematically underreporting its revenues to minimize tax  liabilities.  Following an extensive investigation—which involved  examining electronic data, internal accounting records, and actual  business volume metrics—the SRC identified significant discrepancies  between the company's submitted tax returns and its actual financial  activity. It was established that  between 2023 and 2024, the entity  failed to declare approximately 2.6 billion drams in revenue. This  omission resulted in an estimated 832 million drams in unpaid taxes  to the state budget.

Furthermore, investigators uncovered a scheme designed to reduce the  company's overall tax burden. The findings indicate that certain  business operations were intentionally channeled through legal  entities registered under the names of former employees, specifically  to leverage a more favorable tax regime. This mechanism resulted in  an additional 158 million drams in turnover being excluded from  value-added tax (VAT) calculations, leading to a further shortfall of  over 17 million drams.

In total, the preliminary damage to the state budget is estimated at  approximately 849 million drams. Based on the evidence collected, a  criminal case has been initiated, and a preliminary investigation is  currently underway.

It should be noted that while the SRC statement does not explicitly  name the facility, visual evidence provided in the committee's  official report points to the Multi Wellness Center, a property owned  by the leader of the Prosperous Armenia Party, Gagik Tsarukyan.