The Arbitration Court of the Moscow Region confirmed the claim of the Federal Tax Service (FTS) against one of the legal entities of IKEA in Russia – Torg LLC. He decided to invalidate the transfer of 12.9 billion rubles to the Irish company Fami Limited, also associated with IKEA, Interfax writes.
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The tax office went to court on February 1. According to the court ruling, the defendant also had to provide documents under the contract for the supply of goods to Market.Trade LLC (dated November 15, 2022, the founder of the legal entity is Yandex). Previously, Yandex Market reported that it had purchased all IKEA products left in Russia after the company left the country.
In March 2024, the court seized the property of the Russian IKEA structure – Torg LLC – for 12.9 billion rubles and decided to recover these funds as state income. Then Torg LLC wanted to negotiate an agreement with the Federal Tax Service and proposed to the head of the department to resolve the conflict.
Swedish retailer IKEA closed stores in Russia in March 2022 and the company subsequently announced the sale of its factories in the country.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
