Major Revelation by the State Revenue Committee: Approximately 425 Million Drams Unpaid to the State

The State Revenue Committee of Armenia has uncovered another case of significant tax evasion following its oversight activities. It has been established that the companies 'Eranav' and 'Khach 9', engaged in the construction of multi-apartment buildings in the Davtashen administrative district of Yerevan, included amounts different from the real values in the sales contracts of the apartments sold between 2015 and 2018. As a result, the actual turnover figures of the companies were not reflected in the reports submitted to the tax authorities, causing a substantial financial loss to the state—exceeding 350 million AMD.

A criminal case has been initiated in the investigation department of the State Revenue Committee under Article 205, Part 2 of the Criminal Code of the Republic of Armenia. Following extensive investigative and procedural actions conducted by the investigators, the actual values of the apartments sold by the companies have been thoroughly revealed.

Based on a sufficient combination of evidence, charges have been brought against the leadership of 'Eranav' and 'Khach 9' for exerting unlawful influence on witnesses during the investigation and for falsifying materials significant to the criminal case, leading to their arrest.

The leaders of the companies have acknowledged the fact of tax evasion and voluntarily submitted corrected tax reports to the tax authorities, resulting in an additional tax obligation of over 425 million drams, from which 335 million AMD has already been restored to the state budget. Given the presence of sufficient guarantees for the recovery of most of the damage caused to the state and the additional tax obligations, the detention measure for the leaders of the companies has been changed, and the restrictions imposed on their bank accounts have been lifted.