VimpelCom Issued With Claim For Additional Back Taxes
Russian telecommunications firm VimpelCom has received a preliminary claim for
back taxes, fines and penalties relating to the year 2002, the firm announced
this week.
In a statement, the Russia’s second-largest mobile phone company stressed
that the claim for the sum of 680.6 million rubles (US$20.9 million) is not
a final demand by the tax authorities, and is merely a preliminary notice. Company officials are currently reviewing the claim and may decide to object
to all or part of it. The firm also revealed that it is engaged in “constructive discussions”
with the tax authorities regarding the preliminary conclusions of a 2001 tax
review which resulted in a 4.4 billion ruble (US$157 million) claim for back
taxes. The statement added that the firm is anticipating a review of its tax position
for the year 2003, although it was unable to predict when this will arise or how
much the tax authorites may claim. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.