TAX REVENUES IN ARMENIA IN ELEVEN MONTHS OF 2007 EXCEED
INDEX OF SAME PERIOD OF LAST YEAR BY 60.5 BILLION DRAMS
26-12-2007 18:00:00 | Armenia | Economy
YEREVAN, DECEMBER 26, NOYAN TAPAN. 254.987 million drams
was transferred by tax bodies to the Armenian state budget in
January-November 2007, which is more by 60.5 billion drams (over
198 mln USD) as compared with the same period of last year. NT
correspondent was informed by the RA State Tax Service (STS)
that a growth in all direct an indirect taxes in the overall tax
revenues was registered as compared with the first eleven months
of 2006. VAT revenues grew considerably - from 47 bln 812.8 mln
drams in 2006 to 80 bln 014.3 mln drams. Profit tax and income
tax collection made 65 bln 676.1 mln drams and 40 bln 332.4 mln
drams respectively against 57 bln 539 mln drams and 30 bln 862.7
mln drams last year.
Simplified tax revenues also grew in the first 11 months of
this year: they amounted to 8 bln 956.2 mln drams against 6 bln
837.2 mln drams in 2006.
According to the STS, this increase in tax revenues is due
both to the country's economic growth and the improvement of tax
administration. Thanks to improved administration, it became
possible to ensure a monthly growth of 7-10 bln drams in the
second half of 2007 as compared with last year. Besides, in the
first half of this year the STS fully paid the surplus payments
owed to tax payers. In particular, over 19 bln drams was
refunded to tax payers.