 | British company fined |
As a result of the audit executed by the senior auditing section under the Ministry of Taxes, it has been ascertained that the Azerbaijan branch office of British “BAT/UK and Export Ltd.” hid a portion of its profits from tax.
A source from the Ministry told AssA-Irada Saturday that the company had miscounted taxable revenues. In 1998, it under-transferred AZM67,163,300 and in 1999 AZM137,313,100 to the state budget.
The company is now to pay a total of AZM204.4 million to the state budget. In addition, a financial sanction in the amount of AZM40.9 million will be applied.*
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Issue: March, 17, 2001
POLITICS
Garabagh: US take over initiative
ECONOMICSSiemens wins Baku Electricity Network concession tenderEBRD lends $2mln to ArkobankBritish company fined
ECOLOGYCanada to help reduce green-house gas release
MISCELLANEOUSBook about young Azeri heroFree Consumers to file appeal
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