Armenian Tax Administration Needs To Be Seriously Reformed: Prime Mi

ARMENIAN TAX ADMINISTRATION NEEDS TO BE SERIOUSLY REFORMED: PRIME MINISTER

ARKA
Sep 29, 2009

YEREVAN, September 29, /ARKA/. Armenian tax administration system needs
to be seriously reformed, Prime Minister Tigran Sargsyan said today.

Speaking a seminar on the latest World Bank ‘Doing Business
2010′ report, the minister said: "We still have problems in tax
administration, particularly, paying taxes takes lot of time.’ He
added that introduction of electronic payment system is expected to
ease the problem.

"We have started introducing this system and expect technical
assistance from the World Bank, the International Financial Corporation
and USAID. We hope that this system, along with introduction of
risk-based tax administration, will raise significantly Armenia’s
rating in Doing Business next report,’ he said.

The premier admitted that there are serious problems in customs
services as well. He said working group was formed to monitor all
areas which are taken into account in making the Doing Business report.

"We have a clear schedule of measures and people responsible for
improving Armenia’s standing in Doing Business. We have simplified
the process of company registration, eliminated some unnecessary
requirements and as a result Armenia’s rating has moved up,’ he said.

In the Doing Business 2010 Armenia was on 43-rd position among
183 countries. In establishing businesses Armenia has improved its
performance and ranks 21st, in cross-border trade – 102nd place and in
obtaining a construction permission – 72nd, in registering property –
5th.