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Financial police reveals non-payment of customs duties for 77 mln soms

The State Service for Combating Economic Crimes revealed a fact of evading customs payments for 77 million soms. The press service of the agency reported.

A company imported into Kyrgyzstan expensive equipment with computer software for plastic casting. It was stated officially that it would produce consumer goods. Equipment worth $ 9 million was brought from the Baltic States without payment of the value added tax.

«According to article 259 of the Tax Code, equipment imported from third countries is exempt from VAT if it is included in the company’s balance sheet as fixed assets. This means that a company is allowed not to pay tax if the equipment is to be used for the manufacture of goods in Kyrgyzstan,» the agency commented.

But no one was going to produce anything. Expensive equipment stood in warehouses. It was brought to Kyrgyzstan to be resold in Russia.

«Officers of the service suppressed the scheme of evading customs payments on a particularly large scale by detecting a hidden subject of crime. The damage to the budget was estimated at over 77 million soms,» the agency stressed.

Own sources informed 24.kg news agency that the expensive equipment was imported to Kyrgyzstan by Consult Trade LLC.

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