CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. VimpelCom Issued With Claim For Additional Back Taxes

VimpelCom Issued With Claim For Additional Back Taxes

by Tatiana Smolenskaya, Tax-News.com, Moscow

30 December 2004


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.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »