RA GOVERNMENT TOUGHENS CONTROL OVER MAJOR TAXPAYERS

PanARMENIAN.Net
April 8, 2010 – 13:02 AMT 08:02 GMT

The Armenian government will toughen control over big businesses to
make their activity more transparent, RA Prime Minister said.

"The Ministry of Finance has already produced the list of the country’s
major taxpayers, annual income of which exceeded AMD 1 billion in
2009," Tigran Sargsyan said during April 8 government session.

He admitted that the government is not in full control of big
businesses which suppress the small and medium businesses therewith.

"There is an apprehension that SMBs felt the burden of tax payments
more than big businesses," he said. "The only way to ensure
transparency of big businesses’ activity is to publish conclusions
of independent audit."