RA President Expects Tax Service To Carry Out Consistent Work ForSol

RA PRESIDENT EXPECTS TAX SERVICE TO CARRY OUT CONSISTENT WORK FOR SOLUTION OF EXISTING PROBLEMS

Noyan Tapan
Apr 18 2006

YEREVAN, APRIL 18, NOYAN TAPAN. During the April 18 working meeting of
the RA President Robert Kocharian and Head of the State Tax Service
Felix Tsolakian, the results of the first quarter, as well as issues
related to reduction of the shadow sector in mining industry and
construction, the fight against false customs clearing and goods
for deals were discussed. According to the data presented by Felix
Tsolakian, this quarter the tax revenues of the state budget made 43.2
bln drams, exceeding the index of the same period of last year by 8
bln drams (about 17.8 mln USD). Profit tax and income tax accounted
for a large share of the tax revenues. A growth in social payments
was registered as well. 15.3 bln drams was collected in the first
quarter, which exceeds the respective index of last year by 2.4
bln drams. Presenting the process of carrying out the President’s
instructions regarding reduction of the shadow sector in mining
industry and construction, F. Tsolakian said that an increase in
revenues of these spheres was registered in the first quarter.

Particularly, the revenues from the non-metal mining industry made
700 mln drams against 400 mln drams collected in the first quarter
of 2005. Speaking about the programs to be implemented, he noted
that the Tax Service is now making up a list of organizations,
whose transactions and taxes paid are not consistent with their
activities. As regards false customs clearing and goods for deals, F.

Tsolakian noted that over the last three months they filed 45
materials to the prosecutor’s office, based on 19 of which criminal
cases were opened. The problem of property and income declaration
was also addressed during the meeting. R. Kocharian pointed out
the necessity for legislative regulation of this problem and use of
clear mechanisms of responsibility. According to the RA President’s
press service, Robert Kocharian gave new instructions regarding the
problems discussed. He said that he expects the Tax Service to carry
out consistent work for solution of the existing problems.