Rosenergoatom has been served with tax claims of 1.7 billion rubles for 2004 and 2005. The major part of the amount could be blamed on unbalanced nature of the state tariff rates that were used to sell energy on Federal Wholesale Market (FOREM) till August of 2006.
Photo: Oleg Kharseev
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Rosenergoatom Faced Tax Charges of Billion Rubles
Federal-controlled Rosenergoatom Consortium that manages all nuclear power plants of Russia has been served with tax claims of 1.7 billion rubles for 2004 and 2005. The major part of the amount could be blamed on unbalanced nature of the state tariff rates that were used to sell energy on Federal Wholesale Market (FOREM) till August of 2006. A few Wholesale Generation Companies (WGC) faced similar charges, while the overall amount claimed from that industry may reach 10 billion rubles.
On April 10, Rosenergoatom lodged to the Moscow Arbitration Court an appeal against the Federal Tax Service’s Interregional Inspection for Biggest Taxpayers. According to the web of the court, the consortium challenges resolution No. 02-1-23/024 dated February 22, 2008 and related to the tax inspection of 2004 and 2005 accounting. The amount of tax claims totals 1.7 billion rubles, including back taxes of roughly 1.3 billion rubles and penalty of around 400 million rubles.
It is the profit tax that accounts for the better part of the claims. According to tax officers, Rosenergoatom groundlessly omitted from its energy sales the revenues of over 4.72 billion rubles generated from selling the energy via FOREM, lowering the profit tax by 1.133 billion rubles. The reason was the “cost unbalance on FOREM,” that is the difference in tariff rates fixed by the Federal Tariff Service for buyers and sellers of energy.
Rosenergoatom lowered the revenues, as the tariff rates fixed for the energy buyers were below the tariff rates fixed for Rosenergoatom as a supplier. The consortium reported the revenues in view of the rates in force for the buyers, while the tax officers reasoned that it was to account by revenues calculated in view of the tariff rates determined for it.
People in the news service of Rosenergoatom refused to comment on the court appeal yesterday, specifying, however, that they lodged the complaint to Federal Tax Service March 11. “Execution of the resolution has been suspended,” Rosenergoatom briefers said and a source close to the consortium confirmed that exactly the cost unbalance was the cause of the tax claims.
www.kommersant.com
All the Article in Russian as of Apr. 22, 2008
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