FCS suspects IKEA of non-payment of duties for 1 billion rubles

The Federal Customs Service in Moscow opened a case against the world’s largest furniture retailer IKEA in 2020 for avoiding customs duties worth more than RUB 1 billion. ($ 14 million), according to Bloomberg.

The agency wrote that, according to the FCS, IKEA underestimated license fees in declarations from 2017 to 2020 and provided false estimates. The press service of IKEA Torg LLC reported that the retailer is aware of this complaint and disputes it. Bloomberg notes that the case underscores Russia’s reputation as an unpredictable market for investors.

Interfax was told by the Federal Customs Service that a customs check has now been completed with respect to IKEA Torg LLC. “We consider it incorrect to talk about the essence and amount of claims against the company from the Russian customs, since in accordance with paragraph 1 of Art. 356 of the Customs Code of the EAEU, information received by customs authorities during customs control is used exclusively to perform the tasks and functions assigned to them. This information also belongs to the category of commercial secrets, ”the message says.

Leave a Reply

Your email address will not be published. Required fields are marked *