Belarusian Wholesale Spare Parts Company Failed to Pay Nearly 1 Million Belorussian rubles in Taxes

The regional department of the Financial Investigations Department of the State Control Committee of the Republic of Belarus has identified and suppressed instances of tax evasion and unlawful VAT refunds.
The individuals suspected of committing these financial crimes include the beneficial owner and the director of a company engaged in the production and wholesale trade of spare parts for agricultural machinery.

It was established that, in their unlawful activities, the suspects used the details of an affiliated foreign company under their control, through which they allegedly conducted fictitious transactions involving the shipment of spare parts at understated prices and the payment of fictitious trade bonuses. In reality, the spare parts were sold to customers in the territory of the foreign country at market prices.

The damage caused to the state in the form of unpaid taxes exceeded 500 thousand belarusian rubles.

In addition, the management of the Belarusian company submitted tax declarations and applications for VAT refunds to the tax authorities containing false information based on fictitious documents relating to the sale of spare parts to the affiliated foreign company. As a result, VAT in excess of 450 thousand belarusian rubles was unlawfully reimbursed from the state budget.