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Armenia's Mining Industry, Construction, Transport, Services And Tra

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  • Armenia's Mining Industry, Construction, Transport, Services And Tra

    ARMENIA'S MINING INDUSTRY, CONSTRUCTION, TRANSPORT, SERVICES AND TRADE SECTORS ARE SHADOW

    Noyan Tapan
    Jan 23, 2008

    YEREVAN, JANUARY 23, NOYAN TAPAN. Tax bodies envisage to collect 365
    bln 859.9 mln drams (at the current exchange rate - about 1,19 bln
    USD) this year, which is more by 81 bln drams as compared with last
    year. The head of the RA State Tax Service Vahram Barseghian said at
    the January 23 press conference that this growth in tax collection will
    be mainly ensured at the expense of big enterprises. Accoridng to him,
    there are 120 thousand tax payers in Armenia, 270 of which ensure 70%,
    while 2 thousand - 90% of tax collection.

    V. Barseghian said that tax administration will be tightened this
    year: tax bodies will not limit their activities to examination of
    the submitted accounting documents but they they will also check
    realization volumes. In his words, at present the country's mining
    industry, construction, transport, services and trade are the main
    shadow sectors.

    As for checkings conducted at Sil Concern last year, V. Barseghian
    said that these checkings are continuing and until now facts of tax
    evasion of 1.5 billion drams have been registered. As regards "Bjni"
    factory of mineral waters, according to the STS head, the company
    did not install a water meter at the source and failed to make the
    respective environmental payment, for which a fine of 3 billion drams
    was imposed on it. The same problem exists in Dilijan Frolova company,
    which did not make an environmental payment of 300 million drams.
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