Profit Tax Revenues Of RA State Budget Increase By 73% InJanuary-Mar

PROFIT TAX REVENUES OF RA STATE BUDGET INCREASE BY 73% IN JANUARY-MARCH 2006 ON SAME MONTHS OF LAST YEAR

Noyan Tapan
May 15 2006

YEREVAN, MAY 15, NOYAN TAPAN. In the first quarter of 2006, the profit
tax revenues of the RA state budget increased by 73% on the same
months of last year and made about 11 bln 525.1 mln drams (about 25.6
mln USD). According to the RA National Statistical Service, in the
period under review the value added tax (VAT) revenues of the state
budget grew by 1.7% to about 31 bln 827.1 mln drams, while the excise
tax revenues – by 13.7% to 9 bln 44 mln drams. In January-March 2006,
the income tax revenues of the state budget increased by 46.4% and made
7 bln 589.7 mln drams, the fixed payments to the state budget – by 11%
to 3 bln 289.7 mln drams, and customs duties – by 4.7% to 3 bln 636.3
mln drams. The simplified tax revenues declined by 2.9% and made about
1 bln 753.1 mln drams. Other tax revenues of the RA state budget grew
by 36.4% in the period under review and amounted to 1,056 mln drams.