Yerevan Clothing Retailer Accused of $4.4M Tax Evasion

Armenia's State Revenue Committee has formally accused Gritti LLC, a major branded clothing retailer operating in Yerevan, of tax evasion totaling AMD 1.577 billion, equivalent to approximately $4.4 million USD.

The accusation represents one of the larger tax evasion cases against a prominent retail business in Armenia. Gritti LLC operates as a distributor of international clothing brands in the Armenian capital.

The SRC's formal accusation is the initial step in Armenia's tax enforcement process. Details regarding the specific violations, timeline of the alleged evasion, and any enforcement actions or penalties remain under investigation.