Criminal cases initiated against a number of insurance companies on  evasion of taxes, duties or other obligatory payments

ArmInfo. In the State Revenue Committee of Armenia, criminal cases have been initiated against a number of insurance companies, the press service of the department  reported.

 Thus, according to the information, in the Investigation  Department of the State Revenue Committee, criminal cases were  initiated against a number of insurance companies on the grounds of  Article 205 of the RA Criminal Code on evasion from paying taxes,  duties or other obligatory payments by including knowingly distorted  data in accounting books or other documents for taxation.  During the  preliminary investigation of criminal cases those companies received  from individual entrepreneurs- taxpayers of turnover tax received  services of an insurance mediator, without having 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 an insurance intermediary provided by the  private  entrepreneurs were not real, as a result of which the insurance  companies showed unreasonable deductions in the calculations of  income tax from gross income.  During the investigation, some  insurance companies, realizing and acknowledging the violations  committed in the calculation of taxes in the course of their  activities, showed the proper behavior of the taxpayer. In  particular, before carrying out comprehensive tax audits, the latter  independently calculated and submitted to the tax authority updated  reports and paid tax obligations arising from them in the amount of  about 218 million 483 thousand drams. "At the same time, the  preliminary investigation of criminal cases in respect of a number of  insurance companies is continuing," the SRC reported.