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Since Early 2005, 740 Officials Fined For Breaking Law On Declaratio

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  • Since Early 2005, 740 Officials Fined For Breaking Law On Declaratio

    SINCE EARLY 2005, 740 OFFICIALS FINED FOR BREAKING LAW ON DECLARATION

    YEREVAN, MAY 20, NOYAN TAPAN. Since the beginning of this year, fines
    of various types have been imposed on 740 officials for breaking
    the Law on Declaration of Property and Incomes of High-Ranking
    Officials against 1,800 ones in 2004. Representative of the RA
    Government-affiliated State Tax Secrvice (STC) Hovhannes Zhamkochian
    stated this at the May 20 press conference on the discussion of the
    draft law on the declaration of property and incomes of physical
    persons. The event was initiated by the NGO "Hakastver". According
    to independent expert Eduard Aghajanov, it is necessary to raise the
    limit of 3 mln drams (about 6.7 thousand USD) for the property and
    incomes liable to declaration. E. Aghajanov takes the view that the
    establishment of this limit (envisaged by the draft law) is aimed
    at increasing the state budgetary tax revenues by 49 bln drams only
    in 2005.
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