The Committee on State Revenues of Armenia reports on the growth of tax deductions from large and medium-sized enterprises

ArmInfo. Over the first 9  months of 2017, deductions to the state budget of Armenia by the  income tax from employees of large and medium-sized enterprises  increased by 4.2 billion drams compared to the same period of the  previous year. This was reported by the press service of the  Committee on State Revenues.

According to the source, according to the line of royalties, tax  revenues amounted to 6.3 billion drams, which is associated with an  increase in prices for metal raw materials world market and  consistent administration with respect to the royalty tax base for  large mining companies. At the same time, the KGD press service  notes, the volume of overpayment by the royalties decreased by 0.3%,  which, taking into account the growth of the estimated tax revenues,  amounted to 6.6bln AMD.

Tax deductions from imports from the countries of the Eurasian  Economic Union carried out by large and medium-sized enterprises in  January-September 2017, compared to the same period in 2016,  increased by 14.1 billion drams, of which 9.8 billion drams, excise  tax - 3.8 billion drams, nature protection payments - 0.5 billion  drams. 

The increase in allocations is due to the growth in imports for a  number of goods (gasoline, diesel fuel) and increased control over  the prices of goods sold.  During the reporting period, the growth of  allocations for other types of taxes is associated with increased  control over prices, mandatory application of the rules for marking  goods. As a result, 628.2 million drams were collected through  environmental and nature use payments, fixed payments - 67.7 million  drams, from sales of excise stamps - 338.6 million drams.