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Taxes hidden by Azpetrol, Azertrans make up approximately $10m Taxes Minister

Politics Materials 6 June 2006 15:34 (UTC +04:00)
Taxes hidden by Azpetrol, Azertrans make up approximately $10m  Taxes Minister

The Ministry of Taxes concluded revision in Azpetrol holding and the act on the results of revision have been submitted to the companies Azpetrol and Azertrans, Fazil Mammadov, the Minister for Taxes, told Trend.

There are shortcomings in the activities of Azpetrol and its daughter company Azertrans, as a number of facts of tax evasion have been revealed there. However, the situation at UPEC is normal, the minister underlined.

We waiting for the reply of companies, whilst at any case we are firm on our ground, he emphasized.

A total of $10m has been hidden from the public budget. The violations were revealed in the privatization of property and materials n these fats have been submitted to the relevant bodies (the State Committee on State Property Management and Prosecutor Generals Office)

Lawsuits have been filed on some senior employees of Azpetrol and relevant materials o the facts of violations have been sent to the Prosecutors Office, Mammadov underlined.

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