2007-2009 PROGRAM ON DEVELOPMENT OF RA TAX SYSTEM APPROVED
24-05-2007 22:10:00 | Armenia | Economy
YEREVAN, MAY 24, NOYAN TAPAN. At the May 24 sitting, the
Armenian government approved the three-year program on
development of the tax system of the RA in 2007-2009. The
document was developed in line with Armenia's economuic
development and the reforms being implemented by the government
in the tax system.
The program contains measures that ensure the fulfilment of
obligations assumed by the state tax service (under various
programs and towards international orgaizations) and have been
developed taking into account the best international experience
of recent years. These measures are aimed at improving the tax
payer - tax body relations through introduction of a
comprehensive self-assessment system in the tax field, updating
information technologies, improving the legislation on tax
administration, insuring a growth of taxes/GDP ratio.
Deputy head of the State Tax Service Armen Alaverdian told
reporters after the sitting that the purpose of adopting this
program is to have a medium-term strategical program for
developing the tax system in line with the economic development
of the country.
The program consists of five sections, the first one of
which is related to the strategy of developing the
self-assessment system of tax liabilities. Its objective is to
introduce a comprehensive system of self-assessment in the tax
field, as well as to update and later to automate the system of
report development and presentation.
A. Alaverdian noted that the measures included in the
section on ensuring taxes/GDP ratio growth are aimed at
improving the mechanisms of taxation of profitable sectors,
carrying out efficient work with big tax payers, reducing the
shadow sector, as well as at development and introduction of
mechanisms for VAT taxation of non-taxed sectors, including
agriculture, starting from 2009.
He said that agricultural companies with a turnover of less
than 8 mln drams (22.9 thousand USD) will not have to pay taxes.
Besides, a differentiated approach will be shown to profitable
branches, including production of eggs, poultry and fish, which
will be taxed first of all. Only after this, in the words of A.
Alaverdian, one can speak about taxation of big farms.