Resides in Russia but lives in Italy, 11 million tax evasion discovered

The financial police of Savona have discovered a huge evasion of over 11 million euros carried out by a female relative of one of the most powerful Russian oligarchs.

According to what was ascertained by the yellow flames, the woman has her residence in Russia but in fact lives in Alassio (Savona) where she bought a penthouse worth two million and manages a real estate asset spread throughout Liguria worth five million.

From the investigations of the Savona military, the woman has been resident in Italy since 2018, as also emerged from the analysis of utility consumption, with the consequent obligation to declare all income wherever produced in the world.

From the analytical examination of the investment portfolio held by the woman in the Russian Federation, having a value of 50 million (equal to over 4 billion rubles), the military reconstructed financial interests, rents and other income and income received, from 2019 to 2024, for a taxable base for Irpef purposes subtracted from taxation equal to approximately seven million, a tax on the value of foreign financial assets, never declared, equal to the value of the investments foreign, and a tax on the value of foreign properties evaded amounting to over four million.

Following the recent suspension of the main clauses of the Convention against double taxation between Italy and Russia, it was not possible for the taxpayer to benefit from subsidized regimes or the deduction of any taxes paid abroad, thus resulting in the recovery of the amounts recorded at full taxation.

The Revenue Office has activated the process for the recovery of evaded taxes.

The woman was reported for failure to declare.