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Vape importer suspected of tax evasion worth $370,000 in Armenia (video)
Armenian State Revenue Committee (SRC) has uncovered a tax evasion case by a company engaged in the import and sale of electronic cigarettes in Armenia, amounting to more than 142 million drams (almost $370,000). YEREVAN, June 23. /ARKA/. Armenian State Revenue Committee (SRC) has uncovered a tax evasion ...
06/23/2025Japanese Parliament ratifies agreement on avoidance of double taxation with Armenia
... confirmed his readiness to support the development of economic cooperation with Armenia. On May 8 of this year, the Armenian government ratified the convention with Japan on the avoidance of double taxation with respect to income and the prevention of tax evasion. The convention was signed on December 26, 2024 in Yerevan. In accordance with the principle of reciprocity, the agreement establishes the terms and rates of taxation of the main types of income - dividends, interest and royalties - in the ...
06/03/2025AMD 1.6 billion Returned to Armenian State Budget Amid Tax Evasion Investigation
The Investigative Committee is currently investigating a case of significant tax evasion involving two natural gas station owners and several associates. YEREVAN, May 5. /ARKA/. The Investigative Committee is currently investigating a case of significant tax evasion involving two natural gas station owners and several associates....
05/05/2025In Armenia, untying of "Gordian knot" of robbery began in 2019, $4.2 billion returned to the budget - Prime Minister
... stated. "This work has been carried out consistently and on principle. To recover what was stolen, it's crucial to understand the location and mechanisms of the theft. First and foremost, these include the shadow economy, artificial monopolies, and tax evasion," Pashinyan said on Tuesday in parliament, presenting a report on the implementation and outcomes of the government's 2021–2026 program for the year 2024. According to him, illegally acquired property worth more than $1.7 billion is ...
04/15/2025Armenian Investigative Committee recovers material damage worth 34.4 billion drams
... Investigative Committee added that within the framework of the completed and incomplete criminal cases it was possible to recover almost 34.45 billion drams, of which 33.7 billion drams were transferred to the state budget (mainly in cases related to tax evasion). It is noted that for the whole year 2023, the total amount of damage recovered in favour of the state, communities, legal entities and individuals was more than 34.75 billion drams. ($1 - 387.37 drams).
11/11/2024State Revenue Committee of Armenia reveals a shadow turnover of 17 billion drams
... State Revenue Committee (SRC) of Armenia has revealed a shadow turnover of 17 billion drams. According to the press service of the department, in July-September of this year, 97 operational investigative measures were carried out to uncover cases of tax evasion. The measures were carried out, in particular, in relation to business entities engaged in the trade of building materials, food products, vegetables and fruits, clothing, furniture, household goods, household appliances, cosmetics, diesel ...
09/27/2024Armenia bans real estate registration without notary because of money laundering risk
... Civil Code in the second and final reading. YEREVAN, November 22. /ARKA/. Armenian parliament on Wednesday approved an amendment to the Civil Code in the second and final reading. The legislative initiative is aimed at eliminating the risk of tax evasion and money laundering. Until now, the Civil Code allowed to register property transactions (sale, lease, etc.) in the State Committee of Cadastre without a notary certification, if they were concluded according to ready-made samples. However,...
11/22/2023Armenian State Revenue Committee reveals another large tax evasion case
Armenia's State Revenue Committee (SRC) said its officers have revealed another large-scale tax evasion case in the amount of 500 million drams. YEREVAN, November 21. /ARKA/. Armenia's State Revenue Committee (SRC) said its officers have revealed another large-scale tax evasion case in the amount of 500 million drams. It said acting on a ...
11/21/2023Owner of Artmoda and Artshoes stores accused of failing to pay taxes worth 100 million drams
The owner of a company in Yerevan that sold shoes through Artmoda and Artshoes stores, identified by his initials V.D., has pleaded guilty to 100 million dram tax evasion, the Armenian Investigative Committee said. YEREVAN, November 10. /ARKA/. The owner of a company in Yerevan that sold shoes through Artmoda and Artshoes stores, identified by his initials V.D., has pleaded guilty to 100 million dram tax ...
11/10/2023Owner of Armenian toy store chain accused of tax evasion to the tune of almost $2 mln
Armenia's Investigative Committee said today it has completed investigation of a criminal case that involved tax evasion to the tune of 785 million drams (almost $2 million). YEREVAN, November 9. /ARKA/. Armenia's Investigative Committee said today it has completed investigation of a criminal case that involved tax evasion to the tune of 785 million drams ...
11/09/2023Shadow economy activity in Armenia estimated at about 240 bln drams – head of SRC
... Badasyan said on Tuesday. YEREVAN, October 31. /ARKA/. Armenia has a shadow economy with a turnover of about 240 billion drams, Head of the State Revenue Committee (SRC) Rustam Badasyan said on Tuesday. According to him, about 120 billion drams are tax evasion (unpaid VAT) and as much are unpaid income taxes. "We cannot claim that we will be able to eliminate the shadow economy completely. Nevertheless, it is obvious that it should be reduced," Badasyan said at the parliamentary hearings ...
10/31/2023Head of company selling fruits in Armenia detained on charges of tax evasion
Armenian law-enforcement authorities have launched an investigation into a large tax evasion case that involves a company founded by an Iranian citizen that imported tons of fruits and vegetables from Iran and sold them in Armenia without settlement documents or issued documents that did not correspond to reality. YEREVAN, October ...
10/30/2023Owner and director of Ar.Tobacco company arrested in Armenia for tax evasion
A court in Yerevan allowed Armenian law-enforcement authorities to arrest the owner and the director of Ar.Tobacco company on charges of tax evasion and attempted export of undeclared large batches of cigarettes. YEREVAN, June 26. /ARKA/. A court in Yerevan allowed Armenian law-enforcement authorities to arrest the owner and the director of Ar.Tobacco company on charges of tax evasion ...
06/26/2023Company director arrested for selling sugar and buckwheat without payment documents
An Armenian court allowed law-enforcement authorities to arrest the director of At.Land LLC on charges of tax evasion. YEREVAN, June 21. /ARKA/. An Armenian court allowed law-enforcement authorities to arrest the director of At.Land LLC on charges of tax evasion. The company is accused of selling 850 tons of sugar and 61 tons of buckwheat imported ...
06/21/2023Debunking myths about cryptocurrencies: myth that cryptocurrencies are used for tax evasion
... evade taxes. That said, Binance shared its view of the situation with the editorial team, noting that tax compliance is key to the mass acceptance and legitimization of the entire cryptocurrency and Web3 ecosystem. Myth: cryptocurrency is used for tax evasion The decentralized nature of cryptocurrencies implies that these assets are not controlled by a centralized entity such as the government or a bank. And while decentralization has its pluses like increased security, it has created the misconception ...
05/19/2023Nor Zovk company restores 2 billion drams of avoided taxes
The owner of Nor Zovk LLC, identified by investigators as A.A., the director of Nor Zovk chain of supermarkets, identified as R.A. and the chief accountant identified as S.S., arrested earlier this year on charges of tax evasion, were released from custody after admitting to deliberately avoid payment of taxes on a particularly large scale and paying two billion drams of avoided taxes. YEREVAN, April 7, /ARKA/. The owner of Nor Zovk LLC, identified by investigators ...
04/07/2023More than 1 billion in unpaid taxes: Alex Textile director, employees and IT company owner charged with tax evasion
The director of Alex Textile LLC has been charged with tax evasion to the tune of more than 1.1 billion drams, Armenia’s Investigative Committee reported today. YEREVAN, April 3. /ARKA/. The director of Alex Textile LLC has been charged with tax evasion to the tune of more than 1.1 billion drams, Armenia’s ...
04/03/2023Armenian law-enforcers detain top managers of Nor Zovk company on tax evasion charges
Armenian law-enforcement authorities have detained the owner of Nor Zovk LLC, identified as A.A., the director of Nor Zovk chain of supermarkets, identified as R.A. and the chief accountant identified as S.S. on charges of tax evasion. YEREVAN, March 1. /ARKA/. Armenian law-enforcement authorities have detained the owner of Nor Zovk LLC, identified as A.A., the director of Nor Zovk chain of supermarkets, identified as R.A. and the chief accountant identified as S.S. ...
03/01/2023Nor Zovk chain of supermarkets in Yerevan accused of tax evasion
Armenia's State Revenue Committee (SRC) said today that several Nor Zovk supermarkets in Yerevan were closed in the morning after its and National Security Service 's' officers found out that the company running the supermarkets used a sophisticated scheme to avoid taxes in large amounts. YEREVAN, February 20. /ARKA/. Armenia's State Revenue Committee (SRC) said today that several Nor Zovk supermarkets in Yerevan were closed in the morning after its and National Security Service 's' officers...
02/20/2023European Union adds Russia to its tax haven blacklist
... Macedonia, Barbados, Jamaica and Uruguay. "We ask all listed countries to improve their legal framework and to work towards compliance with international standards in taxation," Sweden's finance minister Elisabeth Svantesson said. Countries on the tax evasion list are not eligible to seek help from certain EU funds, and EU member states are asked to apply special scrutiny to their tax-registered individuals and firms. EU members are also supposed to keep a foreign jurisdiction's tax-list status ...
02/14/2023Fresh criminal charges brought against ex-president’s chief bodyguard and his wife
... from relatives, sell his apartment and give the money the Ghazaryans. Earlier, in 2020, Ghazaryan was already a defendant in a number of criminal cases, including on charges of abuse of power, which resulted in grave consequences through negligence, tax evasion and illicit enrichment. Ghazaryan was first arrested in 2018, less than two months after the velvet revolution, on charges of illegal enrichment, false asset disclosure and tax evasion. A court in Yerevan freed Ghazaryan on bail a few months ...
11/21/2022Criminal scheme of tax evasion by IT companies uncovered in Armenia
Acting on a tip Armenia's State Revenue Committee (SRC) and the National Security Service (NSS) uncovered a new case of economic crime. YEREVAN, November 18. /ARKA/. Acting on a tip Armenia's State Revenue Committee (SRC) and the National Security Service (NSS) uncovered a new case of economic crime. According to NSS, in order to avoid paying true tax liabilities, three IT and computer technology companies in Yerevan registered officially only part of their employees who were paid only part of...
11/18/2022Armenian company accused of evading 233.5 million drams in taxes
The head of a limited liability company that has a rent contract with Vernisage open-air market in Yerevan that sells Armenian folk art, unique jewelry and exclusive handmade masterpieces is accused of tax evasion to the tune of 233.5 million drams (about $568,000) in collusion with other individuals, Armenia's National Security Service (NSS) said today. YEREVAN, July 25. /ARKA/. The head of a limited liability company that has a rent contract with ...
07/25/2022Private university in Armenia accused of $235,000 tax evasion
Armenia's National Security Service (NSS) said today that the Armenian-Russian Mkhitar Gosh private university is suspected of a huge tax evasion. YEREVAN, June 20. /ARKA/. Armenia's National Security Service (NSS) said today that the Armenian-Russian Mkhitar Gosh private university is suspected of a huge tax evasion. According to a NSS statement, the authorized personnel of the ...
06/20/2022Armenia imposes temporary restriction on export of copper and molybdenum concentrates
... order to ensure effective taxation of excess profits from the use of the country's subsoil. Armenian Prime Minister Nikol Pashinyan added that Mher Polozkov, now the former CEO of the Zangezur copper and molybdenum combine, charged earlier with huge tax evasion, paid 15 billion drams (about $30 million) in evaded taxes following a court ruling. The tax evasion was tracked down by the State Revenue Committee, which said earlier that the combine concluded in 2016-2017 streaming agreements with UAE-registered ...
03/03/2022Opposition MP says Golden Palace hotel sale is a corruption case
... Golden Palace would be bought by a rich foreign company. And suddenly it emerged that it was bought by an Armenian company. After an in-depth study it turned out that this company was fined several times by the State Revenue Committee of Armenia for tax evasion," Manukyan said. According to Manukyan, the most important part in this story is the hotel purchasing scheme. He explained that according to the sale contract the 5 billion drams will have to be paid by installments during 5 years. "This ...
02/18/2022Armenian SRC reveals 1.5 billion dram tax evasion cases
Armenia’s State Revenue Committee (SRC) said criminal investigation has been launched into what it described as ‘malicious tax evasion’ cases by several companies to the tune of 1.5 bln drams (about $3 million). YEREVAN, February 16. /ARKA/. Armenia’s State Revenue Committee (SRC) said criminal investigation has been launched into what it described as ‘malicious tax ...
02/16/2022Illegal extraction of obsidian in Armenia causes 156 million dram damage
Armenia's law-enforcement authorities have opened a criminal investigation into a huge tax evasion case, National Security Service said, adding that the amount of unpaid taxes is over 156 million drams. YEREVAN, November 26. /ARKA/. Armenia's law-enforcement authorities have opened a criminal investigation into a huge tax evasion case,...
11/26/2021Armenia ratifies agreements with Malta and Singapore on elimination of double taxation
The Armenian parliament has ratified today the agreement between Armenia and Malta on the elimination of double taxation and prevention of tax evasion. YEREVAN, October 28. /ARKA/. The Armenian parliament has ratified today the agreement between Armenia and Malta on the elimination of double taxation and prevention of tax evasion. The ratification was backed by 59 lawmakers, 2 opposed ...
10/28/2021Armenian mining company accused of large tax evasion
Armenian law-enforcement authorities have opened a criminal investigation against a mining company which is accused of a huge tax evasion amounting to 3.4 billion drams, the press service of the Armenian Police reported. YEREVAN, June 1. /ARKA/. Armenian law-enforcement authorities have opened a criminal investigation against a mining company which is accused of a huge tax ...
06/01/2021State Revenue Committee detects tax evasion in especially large amount
Armenia's State Revenue Committee (SRC) has revealed a tax evasion case with the amount of unpaid tax being 'especially large.' YEREVAN, February 2. /ARKA/. Armenia's State Revenue Committee (SRC) has revealed a tax evasion case with the amount of unpaid tax being 'especially large.' It said three citizens ...
02/02/2021Armenian SRC initiated 622 criminal cases in 2020, which caused 21 billion dram worth damage
... Revenue Committee (SRC) initiated 622 criminal cases, which caused about 21 billion dram worth damage, Vahan Charkhifalakyan, head of SRC operative search and investigation department, said at a press conference on Friday. In his words, 244 cases involved tax evasion, 62 cases - deliberate insolvency, 23 - illegal business activities, and 265 criminal cases involved drug and psychotropic drug smuggling. “In 2020, as a result of investigations, 7 billion drams were recovered for the state budget, up from 6.1 billion in 2019,” Charkhifalakyan said. He said also that in 2020 the number of initiated criminal cases grew by 255 from the previous ...
01/29/2021Armenian parliament ratifies agreement on simplifying procedure for mutual recognition of official documents with Kazakhstan
... official documents confirming residence, issued by the authorized bodies of the Republic of Kazakhstan and the Republic of Armenia under the Convention between the Governments of Kazakhstan and Armenia on the avoidance of double taxation and prevention of tax evasion in relation to income and property taxes and the related Protocol dated November 6, 2006. Deputy Chairman of Armenia's State Revenue Committee Ashot Muradyan said the agreement signed in 2018, provides that documents issued by the authorized ...
01/20/2021New criminal case opened against ex-president Serzh Sargsyan's chief bodyguard
... Security Service. Another 6 employees of the State Security Service were guarding the Yans restaurant owned by Vachagan Ghazaryan and his wife. In February 2020, the SIS suspended the criminal case against Ghazaryan and his wife, who were accused of tax evasion and illegal enrichment. In June 2018, prosecutors asked a local first instance court to allow the arrest of Ghazaryan, however, he was released on a bail of 1 billion drams (about $2 million) promising not to leave the country pending investigation....
08/31/2020Armenian tax authorities recover 1.6 billion drams of unpaid taxes
... that had been recovered in the same time span of 2019. He said also that in 7 months of 2020, some 285 criminal cases were initiated by the State Revenue Committee with the amount of damage estimated at 13.7 billion drams. He said 143 cases were about tax evasion, 36 cases were about forged or deliberately incorrect documentation of insolvency, 14 criminal cases were about illegal business activity and 93 criminal cases involved drug smuggling. "Despite the high number of violations, many taxpayers preferred to correct the turnover figures and paid the avoided taxes. Prompted by the coronavirus, the SRC has developed new mechanisms to identify cases of tax evasion or fake insolvency ...
08/07/2020Armenian businessman Samvel Mayrapetyan is accused of $12 million tax evasion
Armenia's Special Investigative Service )SIS) said today investigators have expanded charges against businessman Samvel Mayrapetyan, who is now charged with tax evasion complicity in the amount of almost 5.7 billion drams (about $11.83 million). YEREVAN, June 25. /ARKA/. Armenia's Special Investigative Service )SIS) said today investigators have expanded charges against businessman Samvel Mayrapetyan,...
06/25/2020Prosperous Armenia Party lawmakers block street in Yerevan protesting against detention of their leader Gagik Tsarukyan
... stop the spread of coronavirus and mitigate its social and economic consequences. Mane Gevorgyan, a spokeswoman for the prime minister, retaliated by saying that Tsarukyan attacked the government because of fears of being prosecuted on corruption, tax evasion and other grave charges. “To the best of my knowledge, the authorities are circulating a financial document involving a BHK candidate named Vazgen who ran for the 2017 parliamentary elections. All this leaves an impression of deja vu,” ...
06/14/2020Prosperous Armenia party and government trade accusations
... Minister’s spokeswoman Mane Gevorgyan lashed back at Tsarukyan’s statement on the same day saying in a Facebook post that Tsarukyan is simply concerned about the process of investigating several criminal cases involving money laundering, election bribes, tax evasion and corruption. 'If Mr. Tsarukyan believes that his statements will make investigator drop the criminal cases, he is wrong. In Armenia, everyone is equal before the law, also before the law on seizure of illegally acquired property, which ...
06/06/2020Armenian State Revenue Committee urges citizens to stay away from criminal tax evasion schemes
The Armenian State Revenue Committee's investigation and intelligence division has disclosed a number of criminal tax evasion schemes. According to the press service of the department, it has become known from periodically received operational data that various individuals, as well as real or actual beneficiaries of some organizations, in order to evade taxes or ...
04/30/2020Entrepreneur arrested in Armenia on charge of tax evasion
In Armenia, a businessman was charged with non-payment of taxes in especially large amounts as part of a criminal case isolated from another criminal case on the fact of abuse of power and illegal entrepreneurial activity of police officers during the registration of vehicles. YEREVAN, March 24. /ARKA/. In Armenia, a businessman was charged with non-payment of taxes in especially large amounts as part of a criminal case isolated from another criminal case on the fact of abuse of power and illegal...
03/24/2020Armenian judge does not allow retired general to have medical examination in France
... additional examination or treatment at any local medical facility for free. Grigoryan, who had served as Armenia’s deputy defense minister from 2000-2008, and was also a parliament member is accused of illegal arms possession, embezzlement, extortion and tax evasion. He was arrested in June 2018 after security forces raided his homes in Etchmiadzin and a nearby village finding illegally acquired weapons and stockpiles of food and other supplies, including anti-tank guns and rocket-propelled grenades, ...
01/21/2020Manvel Grigoryan's defense offers 1.4 billion dram bail for his release from custody
... assistance to the defendant. The presiding judge Mnatsakan Martirosyan said the decision on whether to grant a bail or not to Grigoryan will be announced on December 24. Grigoryan stands accused of illegal arms possession, embezzlement, extortion and tax evasion. Some of these charges have also been brought against his wife, Nazik Amiryan. In 2018 summer Armenian police conducted searches in Grigoryan's properties in and around the town of Etchmiadzin finding there many weapons, ammunition, medication ...
12/18/2019Armenia's shadow economy halved, official says
... said at a press conference on Tuesday. He added, however, that these numbers are not official, representing his own assessment only. He said some 409 criminal cases have been launched this year involving economic crimes, the vast majority of which are tax evasion and smuggling cases and 36 cases of intentional bankruptcy and 21 cases on illegal business activity have initiated. He said the total damage caused by economic crimes in 2018 amounted to 20.2 billion drams. In 2019 the damage has risen to 20.8 billion drams....
12/17/2019Armenia and Malta sign agreement to eliminate double taxation
... platforms for interaction with the involvement of the main actors in these areas. At the end of the meeting, the parties signed an agreement between the governments of Armenia and Malta on the elimination of double taxation of income and the prevention of tax evasion. According to the Foreign Ministers, the signing of the agreement is the first step for maximizing the rapprochement of business circles of the two countries and creating favorable conditions for their cooperation. -0-
09/26/2019Armenia intends to develop cooperation with Russian Railways - ambassador
... terminate the contract with the Armenian side. The company's relations with the Armenian authorities have become tense because of searches and criminal case opened over the company's activity. In particular, the South Caucasus Railway is suspected of tax evasion - the skim money amounts to $19,000. Later, the Investigative Committee of Armenia reported about a criminal case opened against a former transport minister, who had hided the abuses found out at the company. Besides, in 2018, the Investigative ...
09/25/2019Charges brought over tax evasion in North-South road construction - skim money amounts to AMD 2.7 billion
... the company's shares on August 8, 2016, putting the idea of Sinohydro Corporation into practice along with Suren Avagyan and Gurgen Sargsyan, was driving financial means from the company's accounts without providing any service, helping it in gross tax evasion. To carry out this fraudulent scheme, two contracts were signed between the mentioned companies for provision of consulting services. The reports contains a detailed description of the fraud committed by the offenders. The skim money amounts ...
09/19/2019Parliament ratifies agreement between Armenia and Denmark to rule out double taxation
... agreement between Armenia and Denmark which rules out double taxation. YEREVAN, September 10. /ARKA/. The Armenian parliament has ratified today an agreement between Armenia and Denmark which rules out double taxation. It is also supposed to prevent tax evasion. Deputy Finance Minister Arman Poghosyan said the agreement, signed on March 14, 2018, provides for eliminating double taxation, creating a more stable and predictable tax field for investors and ensuring mutual cooperation between the tax ...
09/10/2019Armenia and Kyrgyzstan sign agreement to avoid double taxation
Armenian Minister of Economy Tigran Khachatryan and Minister of Economy of Kyrgyzstan Sanjar Mukanbetov signed an agreement today on the elimination of double taxation and prevention of tax evasion between the governments of Armenia and Kyrgyzstan. YEREVAN, August 9. /ARKA/. Armenian Minister of Economy Tigran Khachatryan and Minister of Economy of Kyrgyzstan Sanjar Mukanbetov signed an agreement today on the elimination of double ...
08/09/2019Figures in criminal case against Spayka growing – State Revenue Committee
... against Spayka Company are growing, Armenian State Revenue Committee Chairman Davit Ananyan told journalists on Thursday after the government’s regular meeting. Earlier, the State Revenue Committee accused Davit Ghazaryan, Spayka director, of a gross tax evasion. It also accused him of dodging customs duties. The skim money totals AMD 7 billion (over $14.4 million). “The investigation is under way now, and we are constantly receiving information from our partners and their friendly organizations,...
07/25/2019Armenia and Singapore set to use their untapped potential
... parties agreed to hold Days of Armenian Culture in Singapore. According to the results of the meeting, several documents were signed between the governments of Armenia and Singapore- an agreement on the elimination of double taxation and prevention of tax evasion, a memorandum of understanding between Armenian Tourism Committee and the Singapore Tourism Committee, a memorandum of understanding between the Ministry of Education, Science, Culture and Sport of Armenia and the Ministry of Culture, Community ...
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