01.11.2007, 22:05
Russian Tax Administration Issues CenterTelecom Tax Audit Claim
OREANDA-NEWS. November 2, 2007. OJSC CenterTelecom (OTC: CRMUY.PK; RTS: ESMO, ESMOP; MICEX: CTLK, CTLKP) announces that Interregional Office #7 of the Russian Federation Tax Administration has made a decision based on the results of a scheduled field tax audit of CenterTelecom’s operations for the years 2004-2006. The audit was undertaken 19 Feb.-27 July, 2007.
Interregional Office #7 of the Russian Federation Tax Administration decision #19 reflecting the claim was issued 29 Oct. According to the document, the tax claim against the company for 2004-2006 amounts to RUR440 million, including RUR343 million in taxes and RUR97 million in penalties.
Most of the claim is based on the tax administration's opinion on the method of expense allocation employed by the company.
CenterTelecom disagrees with the conclusions of Interregional Office #7 of Tax Administration regarding the additional sums assessed, and will protect its rights in the manner prescribed by the law.
Previously, in April 2006, the same office of the Russian Tax Administration, after reviewing the results of CenterTelecom’s operations in 2002-2003, held the company liable for a tax offence. The claim amounted to RUR2.355 billion, including RUR1.4 billion in back taxes, and RUR955 million in fines and penalties. The main claim related to inter-carrier settlements. CenterTelecom disputed the decision of the Interregional Office #7 of Tax Administration of Russian Federation in the Moscow Arbitration Court. After considering the results of legal proceedings, the court over-ruled RUR2.342 billion of the claim.
Interregional Office #7 of the Russian Federation Tax Administration decision #19 reflecting the claim was issued 29 Oct. According to the document, the tax claim against the company for 2004-2006 amounts to RUR440 million, including RUR343 million in taxes and RUR97 million in penalties.
Most of the claim is based on the tax administration's opinion on the method of expense allocation employed by the company.
CenterTelecom disagrees with the conclusions of Interregional Office #7 of Tax Administration regarding the additional sums assessed, and will protect its rights in the manner prescribed by the law.
Previously, in April 2006, the same office of the Russian Tax Administration, after reviewing the results of CenterTelecom’s operations in 2002-2003, held the company liable for a tax offence. The claim amounted to RUR2.355 billion, including RUR1.4 billion in back taxes, and RUR955 million in fines and penalties. The main claim related to inter-carrier settlements. CenterTelecom disputed the decision of the Interregional Office #7 of Tax Administration of Russian Federation in the Moscow Arbitration Court. After considering the results of legal proceedings, the court over-ruled RUR2.342 billion of the claim.
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