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WB Expert Finds Ratio Of Taxes To GDP Low In Armenia, Deputy Chairma

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  • WB Expert Finds Ratio Of Taxes To GDP Low In Armenia, Deputy Chairma

    WB EXPERT FINDS RATIO OF TAXES TO GDP LOW IN ARMENIA, DEPUTY CHAIRMAN OF STATE REVENUE COMMITTEE THINKS OTHERWISE

    ARKA
    Sep 30, 2011

    YEREVAN, September 30. /ARKA/. The current low ratio of taxes to GDP
    is among Armenia's biggest problems, Munawer Sultan Khwaja, senior
    public sector specialist at the World Bank, said Friday answering
    the question of ARKA News Agency.

    At the presentation of his"Risk-Based Tax Audits" book, he said
    referring to the International Monetary Fund's study that Armenia can
    collect more taxes and that creation of systems spurring fulfillment of
    taxpayers' commitments would intensify the tax flow to the government
    budget. In his book, Khwaja explains key principles for selecting
    cases for audits using methods focused on high-risk taxpayers.

    He said development of human resources and opportunities in IT area
    would strengthen and expand voluntary fulfilment of tax duty.

    Armen Alaverdyan, deputy chairman of Armenian State Revenue Committee,
    on his side, said that the ratio of taxes to GDP depends on GDP,
    its structure, taxable segments of the economy and Armenia's system
    of preferences rather than on timely payment of taxes.

    "I don't find this ratio low," he said. "I think it is a medium ratio,
    compared with European countries. " He explained that when calculating
    the ratio, mandatory social payments should also be taken into account
    and with that the figure raises to 20 percent.

    According to ARKA News Agency's data based on official statistical
    reports, GDP amounted to AMD 1.4 trillion in Jan-June 2011, while
    tax receipts totaled AMD 305 billion. Ratio of taxes to GDP was 21.1%
    in Jan-June 2011. ($1 = AMD 371.35).




    From: A. Papazian
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