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Armenia's State Revenue Committee collects less tax than in May

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  • Armenia's State Revenue Committee collects less tax than in May

    Armenia's State Revenue Committee collects less tax than in May

    news.am
    July 22, 2012 | 00:53

    YEREVAN. - Armenia's State Revenue Committee (SRC) has provided taxes,
    duties and fees to the state budget totaling AMD 72.3 billion, the SRC
    Press Service informs.

    Over the first six months, SRC has provided AMD 395.3 billion which is
    5.4% more than the last year's indicator of same period.

    However, taxes collected by SRC in June have significantly decreased
    compared with May which made AMD74.1 billion.

    Moreover, monthly collections on taxes have dropped while ones on
    state duties and fees have not had any essential changes.

    Decrease of tax collections has been mostly conditioned with the
    underperformance of value added tax (VAT).

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