January 28, 2022

Reforms to be implemented in tax system of Armenia

The level of tax collection is not sufficient in Armenia.

Recently, the State Committee of Revenues published the Analysis of Summarized Indices of Large Taxpayers’ Monitoring in February 2010. Basically, positive indices were recorded for 344 largest taxpayers of Armenia; specifically the volume of goods and services imported to Armenia totaled AMD 53.4 billion in February 2010 that is 55.1% higher as compared with the same period of last year. Meanwhile, the increase of this index is conditioned not only by goods’ import for commercial purposes, but also by import of expensive equipment to Armenia. It had a direct impact on customs fees, which amounted to 10.9 billion in February 2010 that is 49.9% higher as compared with the same period of last year. Besides, the volumes of goods exported by the largest taxpayers totaled AMD 19.8 billions in February 2010 that is 9.3bln higher as compared with the same period of last year.

Victoria Araratyan / PanARMENIAN News

fhoto by  AAE

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