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TAX REVENUES IN ARMENIA IN ELEVEN MONTHS OF 2007 EXCEED INDEX OF SAME
PERIOD OF LAST YEAR BY 60.5 BILLION DRAMS
YEREVAN, DECEMBER 26, NOYAN TAPAN. 254.987 million drams was
transferred by tax bodies to the Armenian state budget in
January-November 2007, which is more by 60.5 billion drams (over 198
mln USD) as compared with the same period of last year. NT
correspondent was informed by the RA State Tax Service (STS) that a
growth in all direct an indirect taxes in the overall tax revenues was
registered as compared with the first eleven months of 2006. VAT
revenues grew considerably - from 47 bln 812.8 mln drams in 2006 to 80
bln 014.3 mln drams. Profit tax and income tax collection made 65 bln
676.1 mln drams and 40 bln 332.4 mln drams respectively against 57 bln
539 mln drams and 30 bln 862.7 mln drams last year.
Simplified tax revenues also grew in the first 11 months of this year:
they amounted to 8 bln 956.2 mln drams against 6 bln 837.2 mln drams in
2006.
According to the STS, this increase in tax revenues is due both to the
country's economic growth and the improvement of tax administration.
Thanks to improved administration, it became possible to ensure a
monthly growth of 7-10 bln drams in the second half of 2007 as compared
with last year. Besides, in the first half of this year the STS fully
paid the surplus payments owed to tax payers. In particular, over 19
bln drams was refunded to tax payers.
PERIOD OF LAST YEAR BY 60.5 BILLION DRAMS
YEREVAN, DECEMBER 26, NOYAN TAPAN. 254.987 million drams was
transferred by tax bodies to the Armenian state budget in
January-November 2007, which is more by 60.5 billion drams (over 198
mln USD) as compared with the same period of last year. NT
correspondent was informed by the RA State Tax Service (STS) that a
growth in all direct an indirect taxes in the overall tax revenues was
registered as compared with the first eleven months of 2006. VAT
revenues grew considerably - from 47 bln 812.8 mln drams in 2006 to 80
bln 014.3 mln drams. Profit tax and income tax collection made 65 bln
676.1 mln drams and 40 bln 332.4 mln drams respectively against 57 bln
539 mln drams and 30 bln 862.7 mln drams last year.
Simplified tax revenues also grew in the first 11 months of this year:
they amounted to 8 bln 956.2 mln drams against 6 bln 837.2 mln drams in
2006.
According to the STS, this increase in tax revenues is due both to the
country's economic growth and the improvement of tax administration.
Thanks to improved administration, it became possible to ensure a
monthly growth of 7-10 bln drams in the second half of 2007 as compared
with last year. Besides, in the first half of this year the STS fully
paid the surplus payments owed to tax payers. In particular, over 19
bln drams was refunded to tax payers.