YPC Weekly Newsletter

2007


DEMANDS OF THE TAX AUTHORITIES TO THE GYUMRI NEWSPAPER DEEMED UNGROUNDED

On June 29 in Gyumri the RA Commercial Court read the ruling on the suit of
the editorial staff of “Hingshabti” (“Thursday”) weekly versus Gyumri tax inspection.
The hearing on the case were held on June 19. The plaintiff demanded to abolish
the act of the tax body about the failure of the Gyumri weekly to fulfill its
tax liabilities. The act was made up on May 15, 2007, after the regular tax
checkup at “Hingshabti” editorial office. In the opinion of the tax authorities,
the newspaper had to pay tax in 2004-2006 from the sales at discounted prices
of the issues of the newspaper and its weekly entertainment supplement “Hingshabti-Zhamants”
that were not marketed by the dissemination network in due time. The amount
of the taxes unpaid together with the fine for the delay amounted to about 500
thousand AMD (over $ 1,400).

According to the ruling, read on June 29, the demands of the tax authorities
were recognized unjustified.