PRESIDENT KOCHARYAN STRESSES THE IMPORTANCE OF FIGHTING SHADOW ECONOMY

ArmRadio.am
18.04.2006 17:45

Midterm results, the reduction of shadow economy in the spheres
of mining and construction were discussed today during the working
meeting of President Robert Kocharyan and Head of the State Tax Agency
Felix Tsolakyan.

According to the data provided by Head of the State Tax Agency,
the tax revenues in the state budget comprised 43.2 billion drams,
which is 8 billion more than last year.

The interlocutors stressed the importance of the fact that the
percentage of the income tax and profit tax is high in the total
volume of taxes.

Rise has been registered also in social payments. In the first term
15.3 billion drams have been collected, which is 2.4 billion drams
more than the results of the last year.

The collocutors turned to the process of registration of property and
revenues. Robert Kocharyan stressed the importance of the necessity
of its legal improvement and execution of certain mechanisms.

The President gave instructions regarding the issues discussed. He
underlined that he expects consistent work from the Tax Agency in
the direction of resolving the problems suggested.