The State Control Service has controlled the accuracy of the financial data reflected in the dividend reports of companies with a 50 percent or more state-owned share
According to RA Law "On Joint-Stock Companies", the shareholders of joint-stock companies have the right to receive a dividend from the profit generated by the Company's activities, the amount of which is defined by the Company's charter.
The decisions of the Government of the Republic of Armenia No. 1194 of December 5, 2001 and No. 1238 of June 22, 2006 define the work of the bodies that manage the state share in the process of paying dividends to the state budget of the state in companies with a share owned by the state and some expenses incurred by the companies. maximum permissible limits.
The State Control Service of the Republic of Armenia carried out control in companies with 50 percent or more state-owned shares in terms of the accuracy of dividend reports. In particular, the service singled out for control those closed joint-stock companies that underwent complex tax audits by the State Revenue Committee during the reporting period.
A total of 20 closed joint stock companies were monitored, in 14 of which it was recorded that the companies did not calculate additional dividends amounting to about 421 million AMD as a result of changes in financial data in the amount of underreported income or overcharged amounts for the activities of the previous years, and then did not pay the RA state tax. budget.
As a result of the control carried out by the Service, 4 companies recovered about 59 million AMD from the RA state budget. In addition, through the mediation of the Service, the loss of dividends calculated by another company as a result of its annual activity was reduced by about 300 million AMD, and a total of about 100 was started in 2 other companies. million drams dividend loss accounting process, as well as 170 million calculated by the Service in 2 other companies cases of dram tax loss without grounds.
The State Control Service has found violations in closed joint-stock companies operating in the health and energy sectors with a 50 percent or more state-owned share.
At the same time, the RA State Control Service studied the reasons for the violations committed by these companies, as a result of which it was found that a number of companies committed apparent violations due to incomplete knowledge of the legal acts regulating the sector and non-observance of the established procedures, and some of them are the target of a possible liquidation process. with the tendency not to appear, which was accompanied by the mentality of concealing the results of activities carried out with actual damage.
Taking into account the above, the Service suggested to a number of closed joint stock companies with 50% or more state-owned shares to be guided by the legislative norms regulating the sector and to reflect only real data in their financial reports, as well as to submit financial data to the relevant authorities within the specified time limits in case of possible changes. adjusted reports.
