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Armenia's Economy Needs Improvements At Microlevel (fwd)

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  • Armenia's Economy Needs Improvements At Microlevel (fwd)

    ARMENIA'S ECONOMY NEEDS IMPROVEMENTS AT MICROLEVEL

    PanARMENIAN.Net
    April 15, 2010 - 14:48 AMT 09:48 GMT


    Commenting on strengthening of control over major taxpayers, Armenian
    Prime Minister Tigran Sargsyan said that along with the macroeconomic
    growth, Armenia's economy should be improved also at microlevel.

    "We do not facilitate the economic micro-environment through increasing
    the number of inspections, we only incite discontent of tens of
    thousands businessmen with the government, which does not keep its
    promises," the Prime Minister said during the April 15 session of
    the government.

    He added that Armenia's economic growth is secured due to competent
    macroeconomic policy pursued by the government.

    Mr. Sargsyan noted that personal relations between representatives
    of tax services and businessmen should be minimized in the framework
    of reforms implemented by the government.

    "The results of inspections carried out by tax bodies in 2008-2009 show
    that their number has not decreased for small and medium businesses,
    from which major part of complaints is received, as large businesses
    can resist inspections," he said.

    Mr. Sargsyan added that the total number of inspections increased
    by 82% in 2009, while the additional funds obtained through them
    decreased by 25%, and these figures "raise concern."

    The Prime Minister stressed that there are some deviations in the
    figures, specifically, the number of inspections at large businesses
    increased by 30% in 2009, at taxpaying companies with AMD 58mln annual
    turnover - by 70%, at other companies - by 250%, while the additional
    funds gained as a result of inspections reduced by 2-3 times.
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