TAX REVENUES OF ARMENIA GROW BY 19.9% IN 2006

Noyan Tapan
Feb 05 2007

YEREVAN, FEBRUARY 5, NOYAN TAPAN. In 2006, the tax revenues of the RA
state budget made 364.9 bln drams (more than 877 mln USD), thanks to
which the annual program was overfulfilled by 1.2%. According to the
press service of the RA Ministry of Finance and Economy, tax revenues
grew by 19.9% or by 60.7 bln drams on the previous year. High growth
rates were registered with respect to almost all types of taxes,
which is a result of the economic growth and improved administration.

The increase in collection of direct taxes (profit tax, income tax)
continued in 2006, which resulted in an improvement in the structure of
tax revenues compared with the same period of the previous year. The
share of direct taxes (profit tax and income tax) grew by 3.6% –
from 24% to 27.6%. At the same time, the share of indirect taxes
(VAT and excise tax) declined from 60.9% to 56.4%.

From: Emil Lazarian | Ararat NewsPress