ARKA News Agency, Armenia
Jan 27 2007

ARMENIA’S BUDGET REVENUES AMD 220.7BLN IN 2006

YEREVAN, January 26. /ARKA/. The RA Taxation Service collected a
total of AMD 220.683bln taxes instead of the planned AMD 220.417bln,
Chief of the RA Taxation Service Felix Tsolakyan said, presenting the
2006 report.
He said that tax revenues actually increased by AMD 47bln compared to
2005.
Tsolakyan stressed that a steady increase in tax revenues have been
recorded in Armenia over the last few years.
He also pointed pout positive changes in the structure of taxes,
particular increase in the share of direct taxes (income and profit
taxes), which was ensured due to the economic growth and improved
administration, as well as taxation of the former shadow sector.
Tsolakyan stressed that the RA taxation Service focused its attention
on construction, mining industry, gas and public catering. P.T. -0–