YEREVAN, JANUARY 14, NOYAN TAPAN. Profit tax revenues of 79.1 bln drams (about 258.7 mln USD) made up 14.3% of the tax revenues of the RA state budget in January-November 2008. Profit tax revenues grew by 20.4% or 13.4 bln drams on the same period of 2007, which was mainly conditioned by a growth of profit tax paid by financial and credit organizations, as well as of the payments in the amount of 1% of the minimum profit tax made by nonstate organizations. According to the press service of the RA ministry of finance, income tax revenues of the RA state budget amounted to 47.3 bln drams, making up 8.6% of the tax revenues and exceeding by 17.3% or about 7 billion drams the index of the same period of the previous year. The income tax from salaries and other payments equated with them was the main source of this growth. The greatest growth was recorded in customs duty revenues. They made 34.3 bln drams, exceeding by 56.2% or 12.4 bln drams the index of the same period of 2007 and making up 6.2% of the state budget's tax revenues in the indicated period of 2008. Fixed payments amounted to 18.4 bln drams in the first eleven months of 2008, exceeding by 13% or 2.1 bln drams the index of the same period of 2007. This growth was mainly due to a growth of revenues from gas filling stations, trade points and commercial activity, operation of casinos, and playing machines. Simplified taxes of 6.1 bln drams were transferred to the state budget in January-November 2008. This index declined by 32% or 2.9 bln drams as compared with the same period of 2007, which was conditioned by the amendments in the RA Law on Simplified Tax, by which on January 1, 2008, the number of activities, from which simplified tax is charged, was reduced, as well as some restrictions for organizations and persons engaged in commercial activities are envisaged.

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