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IT company's $89.56 mln back tax ruling overturned on appeal

17:42 06/09/2012

MOSCOW, September 6 - RAPSI. The Ninth Commercial Court of Appeals has upheld the dismissal of a ruling which ordered IT company Lanit to pay back-taxes in the amount of $89.56 million, a court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com). In so holding, the court ruled against the tax inspectorate's appeal.Lanit is one of the top ten Russian IT companies, according to Digit.ru

Last April, the Moscow Commercial Court ruled in favor of LANIT in it's lawsuit against the Federal Tax Service's liability assessment.

A year earlier, the Tax Service imposed a 1.998 billion ruble ($61.9 million) supplementary profit tax, with a further 230.312 million rubles ($7.13 million) in penalties and a 662.395 million ruble ($20.52 million) fine on LANIT.

The company challenged the decision in court last November. The court initiated provisional measures at the plaintiff's request and then ruled against the Tax Service.

At the same time, the court demanded reciprocal security from LANIT in the amount of 50 percent of the supplementary tax charges which was later remitted by LANIT subsidiaries. LANIT submitted profit and loss statement reports for the 3rd quarter, which indicated revenues of 5.429 billion rubles ($168.2 million).

The Russian Legal Information Agency (RAPSI/rapsinews.com) has yet to reach the parties for comment. LANIT is primarily involved in systems integration. One of its subsidiaries supplies computers to Moscows schools.

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IT company's $89.56 mln back tax ruling overturned on appeal

17:42 06/09/2012 The Ninth Commercial Court of Appeals has upheld the dismissal of a ruling which ordered IT company Lanit to pay back-taxes in the amount of $89.56 million, a court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com). In so holding, the court ruled against the tax inspectorate's appeal.Lanit is one of the top ten Russian IT companies, according to Digit.ru
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