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Tax claims worth $98mln against IT company found illegal

14:51 27/04/2012

MOSCOW, April 27 - RAPSI. The Moscow Commercial Court has dismissed the tax authority's decision to obligate a top-10 Russian IT company to pay an additional $98.4 million to the budget.

The court has fully satisfied LANITs lawsuit to dismiss the Federal Tax Service's decision.

In April 2011, the Federal Tax Service imposed on LANIT additional tax liabilities amounting to 1.998 billion rubles ($68.02 million) in supplementary profit tax, 230.312 million rubles ($7.84 million) in penalties and a 662.395 million ($22.55 million) fine.

The company challenged the decision in November. The court also initiated provisional measures upon the plaintiff's request and suspended the execution of the tax authority's decision.

At the same time, the court demanded a reciprocal security from the company in the amount of 50 percent of the supplementary tax charges later provided by LANIT companies.

The taxpayer has also submitted to the court its cash flow reports for June 1-August 31, indicating its proceeds at 5.429 billion rubles ($184.84 million).

The Russian Legal Information Agency (RAPSI/rapsinews.ru) has yet to reach the parties for comment.

LANIT is mostly involved in systems integration. One of the companys subsidiaries supplies computers to Moscow schools.

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Tax claims worth $98mln against IT company found illegal

14:51 27/04/2012 The Moscow Commercial Court has dismissed the tax authority's decision to obligate a top-10 Russian IT company to pay an additional $98.4 million to the budget.
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