Armenia`s State Revenue Committee exposes tax dodger 

ArmInfo. The State Revenue  Committee (SRC) of Armenia has identified a case of shadow turnover in the amount of about 260 million drams.

Thus, according to operational information, a food trading enterprise  operating in the city of Artik, Shirak region of the Republic of  Armenia sells products without issuing SRC receipts. Instead, only an  internal accounting document is provided, thereby evading the payment  of particularly large taxes.

The operational data was confirmed and as a result, a shadow turnover  in the amount of 260,240,000 drams was identified in the trading  floor belonging to this company.

The taxpayer had to voluntarily submit to the tax authority corrected  VAT and excise tax calculations for October, December 2023, and for  January-September 2024 and income tax for 2023.

Thus, the company incurred an additional tax liability in the amount  of 64,916,647 drams, which was fully paid.