By Adonia Agayan YEREVAN, December 8 –“The possibility the luxury tax will soon be passed and implemented in the Republic of Armenia is low because it assumes the adoption of complicated administrative procedures,” Armenian Prime Minister Tigran Sarkisian said. Tigran Sarkisian said they are planning to organize public hearings, for there are two conceptual approaches [...]
By Eva Sahakyan YEREVAN, August 30 — State budget income in Armenia during January-July 2011 amounted to 482.2 billion Armenian drams, and expenses — to 492.7 billion, the Ministry of Finance of the Republic of Armenia informs. Compared to the same period of 2010, state budget income increased by 9.9 percent (43.4 billion AMD), which is [...]
YEREVAN (RFE/RL), June 25–The Armenian government approved on Thursday a list of 24 lucrative companies where it will deploy soon permanent tax “representatives” tasked with monitoring their financial operations and detecting possible tax evasion. The move is the latest in a series of government measures aimed at tackling widespread tax fraud and, in particular, underreporting [...]
YEREVAN (RFE/RL), May 1–The Armenian government is embarking on a sweeping overhaul of its tax collection body in an effort to improve tax administration in the country, a senior lawmaker said Friday. Gagik Minasian, chairman of the Armenian parliament committee on finance and budgetary affairs, made clear at the same time that the authorities are [...]
YEREVAN (RFE/RL), April 30–The Armenian government’s tax revenues jumped by nearly 20 percent in the first quarter of this year, slashing the state budget deficit to a level equivalent to just over 1 percent of GDP, the Ministry of Finance said on Thursday. The latest fiscal data is a further sign that the Armenia is [...]
YEREVAN (ARKA), March 3–Armenian tax and customs authorities collected a total of 51.1 billion dram of different revenues in the first month of 2010, by 22.3 percent or 9.3 billion dram more than a year ago, the Ministry of Finance reported. According to the ministry, 40.2 billion dram were collected as taxes and duties, of [...]
