VAT accounts for 44.1% of taxes and duties of Armenian
state budget in January-May 2009
01-07-2009 20:00:00 | Armenia | Economy
YEREVAN, JULY 1, NOYAN TAPAN. Taxes and duties of over
189.3bn drams were transferred to the RA state budget in
January-May 2009, as a result of which the six-month program was
fulfilled by 73.4% and the annual program was fulfilled by
29.5%.
According to the press service of RA Ministry of Finance,
VAT accounted for 44.1% of tax and duty collection. VAT
collection amounted to 83.4bn drams, declining by 28.3% or
32.9bn drams as compared with last year's index. 56.7bn drams of
VAT revenues was received from taxation at the border, and
26.8bn drams - from domestic turnover of goods and services.
Revenues fron both import and domestic turnover declined.
Excise tax collection made 15.8bn drams and accounted for
8.3% of state budget taxes and duties. In particular, 10.5bn
drams was received from taxation of excisable goods imported
into Armenia, including 4.9bn drams from taxation of imported
gasoline and diesel fuel and 4.2bn drams from taxation of
imported cigarettes.
State budget revenues from taxation of excisable goods made
in Armenia amounted to 5.3bn drams, including 2.9bn drams from
taxation of domestically made cigarettes.
Excise tax collection fell by 4.1% or 1bn drams on the same
period of 2008. There was only a fall in revenues from taxation
of excisable goods made in Armenia.
In the reporting period, profit taxes made 38.4bn drams and
accounted for 20.3% of state budget taxes and duties. Profit tax
revenues fell by 2.8% or 1.1bn drams on last year, mainly due to
a fall in profit taxes paid by nonstate enterprises,
nonresidents and enterprises with foreign investments. At the
same time there was a 53% growth in profit taxes paid by
financial and credit institutions.
Income tax revenues of the RA state budget amounted to
21.3bn drams, accounting for 11.2% of taxes and duties and
growing by 7.9% or 1.6bn drams on the same period of 2008.
Customs duty revenues made more than 9.8bn drams, falling
by 22.9% or 2.9bn drams as compared to the 2008 index and
accounting for 5.2% of the state budget's tax and duty revenues.
State duty collection made 6.6bn drams or 62.2% of the
programmed index of the first half of 2009. State duty revenues
declined by 19.9% or 1.6bn drams on the same period of last
year, mainly due to a fall in duties levied for departure of
natural persons by air transport from Armenia, licensing and
state registration.
Fixed payments collected from some types of activity in the
reporting period amounted to over 8.9bn drams, exceeding by
23.3% or 1.7bn drams the respective index of 2008. This growth
was mainly conditioned by an increase in fixed payments
collected for the organization of casino activity, the operation
of game machines, the gas filling of vehicles, the organization
of trade facilities, and the activities in public catering
sector.
Simplified tax collection made 389.6m drams in January-May
2009, falling by 85.8% as compared to the 2008 index due to the
fact that the RA Law on Simplified Tax became invalid on January
1, 2009.