TAX INFLOWS INTO THE STATE BUDGET OF ARMENIA WERE OVER-PERFORMED BY
5,8% FOR 4 MONTHS OF 2005, MAKING AMD 53,161 BLN

YEREVAN, May 19. /ARKA/. Tax inflows into the state budget of Armenia
were over-performed by 5,8% for 4 months of 2005, and compared to
analogous period of 2004- by 32,6%. In particular, instead of the
planned AMD 50,13 bln. the amount of the inflows made AMD 53,161 bln.

during the reported period and AMD 39,984 bln. during the reported
period of 2004. According to the RA State Tax Service, AMD 4,387 bln.

was collected of the total sum of tax inflows during the reported
period.

For 4 months of 2005 social payments tax authorities of Armenia
collected AMD 18,254 bln. versus AMD 13,230 bln. in 2004.

The highest indicators compared to the anticipated ones made 41,2%
at the expense of taxes on profit, 30,7% – income tax, and 33,3%- VAT.

In particular, for 4 months of 2005, the volume of collection of
tax on profit made AMD 15,244 bln. versus AMD 9,81 bln. compared to
January-April 2004, tax-on-income- AMD 7,62 bln. versus AMD 5,612
bln. in 2004, VAT – AMD 15,295 mln. versus AMD 10,136 bln. for 4
months of 2004.

Fiscal payments made AMD 3,927 bln. versus AMD 3,445 bln. in 2004,
thus performing the planned indicators by 28%. The volume of collection
of the simplified tax made AMD 2,334 bln. for 4 months of 2005 versus
AMD 2,145 bln. in 2004 (performed by 27,5% ).

High indicator is recorded for the return of finances taken from the
state budget. In particular, as of May 1, 2005, AMD 5,332 bln. was
returned to households, versus AMD 1,987 bln. for the same period of
2004. ($1 = AMD 450,91). A.H. –0-