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Value Added Tax Revenues And Excise Tax Revenues Of State Budget Gro

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  • Value Added Tax Revenues And Excise Tax Revenues Of State Budget Gro

    VALUE ADDED TAX REVENUES AND EXCISE TAX REVENUES OF STATE BUDGET GROW BY 32.4% AND 29.6% RESPECTIVELY IN JANUARY-FEBRUARY 2008 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    April 2, 2008

    YEREVAN, APRIL 2, NOYAN TAPAN. Tax revenues of the RA state
    budget amounted to more than 78.8 bln drams (aover 256 mln USD) in
    January-February 2008, as a result of which the quarterly program
    was executed by 66.8%. Tax revenues grew by 30% or 18.2 bln drams as
    compared with the same period of 2007.

    According to the RA ministry of finance and economy, VAT tax
    collection amounted to about 42 bln drams, which made up 53.2% of tax
    revenues. 25.8 bln drams of this sum was received from taxation on the
    Armenian border, while 16.2 bln drams was received from taxes from the
    domestic turnover of goods and services. VAT revenues grew by 32.4%
    or 10.3 bln drams as compared with the same period of 2007. There
    was an increase of revenues both from imports and domestic turnover.

    8.2% of tax revenues of the state budget was ensured at the expense
    of excise tax, whose collection made 6.5 bln drams. In particular,
    4.5 bln drams was received from taxation of excise tax-liable goods
    imported into Armenia, including 2 billion drams from gasoline and
    diesel fuel import and 1.7 bln drams - from import of cigarettes. State
    budgetary revenues from taxation of excise tax liable goods produced
    in Armenia made 2 bln drams, including 982.8 mln drams from sales of
    domestically produced cigarettes.

    Excise tax revenues grew by 29.6% or 1.5 bln drams as compared with
    the same period of last year, which was mainly due to a growth of
    revenues from the sale of domestically made cigarettes and from the
    import of gasoline and cigarettes. A growth of excise tax from the
    import of alcoholic drinks and the sale of domestically produced
    drinks was also registered.
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