OREANDA-NEWS. September 21, 2009. Federal Arbitration Court of the city of Moscow and of Moscow oblast at its session dismissed appeal petition of tax claims against VolgaTelecom of Inter-Regional Tax Inspectorate No 7 of Russia’s Federal Internal Revenue Service in charge of large taxpayers.

Please, note that as a result of examination of VolgaTelecom’s claim by the trial court the Arbitration Court of the city of Moscow on January 28, 2009 rejected additional charge of tax. The Company disputed more than 99% of the filed tax claims. The court of second instance, the ninth Arbitration Appelate Court at its session held on April 21, 2009 adjudged to leave unaltered the judgement of Arbitration Court of the city of Moscow and to dismiss appeal petition of Inter-Regional Tax Inspectorate No 7 of Russia’s Federal Internal Revenue Service in charge of large taxpayers.

The judgement of holding VolgaTelecom accountable for tax offence was rendered on April 30, 2008. The taxation authorities’ claims to the Company totaled RUB 173.314 million, of which RUB 163.481 million - taxes and dues and RUB 9.833 million – penalties and late payment interest. The principal amount of claims was related with the issues of intraoperators’ settlements for interconnect and traffic transit services.