Growth in almost all types of taxes recorded in Armenia in<br /> January-November 2008<br />


Growth in almost all types of taxes recorded in Armenia in
January-November 2008

  • 14-01-2009 11:00:00   | Armenia  |  Economy
YEREVAN, JANUARY 14, NOYAN TAPAN. The tax revenues of the RA state budget amounted to 553.1 bln drams (about 1 bln 808.7 mln USD) in January-November 2008, with the annual program being implemented by 90.6%. Tax revenues grew by 22.2% or 100.6 bln drams as compared with the same period of 2007. A growth was recorded in almost all the types of taxes, except for simplified tax revenues. According to the press service of the RA ministry of finance, the VAT revenues made 297.4 bln drams in January-November 2008, which made up 53.8% of tax revenues. 193.3 bln drams of the indicated sum was received from taxation at the border of the RA, and 104.1 bln drams was received from taxation of the domestic turnover of goods and services. VAT revenues grew by 24.6% or 58.6 bln drams on the same period of 2007. There was a growth of revenues from both imports and domestic turnover. Excise tax revenues amounted to 42.6 bln drams in January-November 2008, which made up 7.7% of tax revenues: in particular, over 31 bln drams of the indicated sum was received from taxation of imported goods, including 15.2 bln drams - from taxation of imported gasoline and diesel fuel, and 11.5 bln drams - from taxation of imported cigarettes. State budgetary revenues from taxation of ecxisable goods made in Armenia amounted to 11.6 bln drams, including 5.5 bln drams from domestically produced cigarettes. Excise tax revenues grew by 13.4% or 5 bln drams as compared on the same period of 2007, which was mainly conditioned by a growth of revenues from taxation of imported gasoline and cigarettes, as well as domestically produced cigarettes. There was also a growth of excise tax revenues from some types of imported and domestically produced alcoholic drinks.
  -   Economy