OREANDA-NEWS. On 05 May 2008 was announced, that Intraregional Inspection of Russia’s Federal Internal Revenue Service (RFIRS) of the largest taxpayers № 7 passed the decision about the results of integrated field tax inspection of OJSC VolgaTelecom’s operations for 2004-2006.

Tax inspection in OJSC VolgaTelecom was made from October 1, 2007 to January 31, 2008. Based on the inspections results VolgaTelecom was served decision №3 of April 30, 2008 of Intraregional Inspection of Federal Internal Revenue Service about bringing the Company to tax responsibility. The total amount of taxation authorities claims to OJSC VolgaTelecom based on the results of its operations for 2004-2006 accounted for RUR 173,314 million, of which RUR 163,481 million - taxes and dues and RUR 9,833 million – penalties and late payment interest.

The principal amount of claims is related with the issues of intraoperators’ settlements for connection and traffic transit.

OJSC VolgaTelecom does not agree with the conclusions of Intraregional Inspection of Russia’s Federal Internal Revenue Service of the largest taxpayers № 7 based on the results of made tax inspection and with the laid claims and will carry the Company’s point judicially in accordance with current legislation of the Russian Federation.