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THE MANUFACTURER OF CORRUGATED PACKAGING WILL BE BANKRUPTED BY THE FEDERAL TAX SERVICE DUE TO 111.7 MILLION
THE MANUFACTURER OF CORRUGATED PACKAGING WILL BE BANKRUPTED BY THE FEDERAL TAX SERVICE DUE TO 111.7 MILLION
Kursk arbitration has begun to consider the bankruptcy application of the company "Velon Lux PC". The tax authorities filed it back in November 2022. The first court hearing in the case (no. A35-10223/2022) is scheduled for March 10. Representatives of the Federal Tax Service of Russia in the Kursk region demand more than 111 million rubles from the organization.
The basis for the recovery of the amount of 111 695 444.73 rubles was the additional accrual of taxes in the amount of 75 million for 2018-2019, local media specify. The on-site inspection, which the inspectors conducted in 2021, showed that the organization was trying to reduce the tax base by concluding fictitious contracts with affiliated structures. Several legal entities participated in the simple scheme at once (firms "Trastorg", "Grad-Service", "Ivtrans" and "Citystroy").
The firms themselves did not carry out independent economic activities, but were used exclusively to underestimate the amount of VAT paid by Velon Lux PC. Formally, the law was observed, so the organization tried to challenge the tax acts through the court. However, the arbitration in July last year supported the requirements of the Federal Tax Service and upheld the decision of the fiscal officers.
The Velon Lux PC company has been producing corrugated cardboard and various products from it for several decades. The production is designed to produce 5 million square meters of corrugated cardboard annually. The company also has storage facilities to store about 700 thousand square meters of finished products as an insurance stock.
The company, according to open sources, employs about fifty employees. The company is owned by Sergey Kologrivykh. In 2021, the company's revenue decreased by 7%, amounting to 239 million. Annual profit decreased fourfold to 238 thousand. After the company failed to challenge the decision of the tax authorities in court, it applied for liquidation.
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