PROFIT TAX COLLECTION GROWS BY 44.5% IN ARMENIA IN JANUARY-OCTOBER 2006 COMPARED WITH SAME PERIOD OF LAST YEAR

Noyan Tapan
Dec 05 2006

YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, 18.8%
of the RA state budget’s tax revenues was secured at the expense
of profit tax revenues that amounted to over 53.6 bln drams (about
126 mln USD). According to the RA Ministry of Finance and Economy,
profit tax revenues grew by 44.5% or 16.5 bln drams on the same period
of last year. A growth in profit tax paid by non-state organizations
and non-residents was registered. The amount of profit tax from other
sources also grew on the first ten months of last year, except for
payments from state enterprises. In January-October 2006, the RA state
budget’s income tax revenues made 27.7 bln drams, which exceeds by
35.1% or 7.2 bln drams the respective index of 2005. The main sources
of this growth were incomes from salaries, and execution of labor
and civil-legal agreements.