Armenian large and medium-sized taxpayers replenish state treasury bill by 483 billion AMD

ArmInfo. The large and  medium-sized taxpayers of Armenia increased the volume of tax  payments by 9% per annum or by 39.9 billion AMD, sending 483 billion  AMD to the state treasury for 11 months in 2017.

According to the press service of Armenian State Revenue Committee,  overpayments after the growth in the same period of 2016 by 16.4  billion AMD, in the same period of 2017 decreased by 4.7 billion AMD,  which, taking into account the growth of tax revenues, amounted to 61  billion drams. In the period from December 1, 2016 to December 1,  2017 for all taxes and payments, the total amount of overpayments  decreased by 13.7 billion drams or 7.3%.

Meanwhile, in January-November 2017 it was possible to reduce tax  liabilities by 5.8 billion AMD or 36.3%. During the same period, tax  revenues from taxpayers with a high level of risk could be increased  by 20%, whereas a group with a low level of risk ensured an increase  in tax revenues by 7%.

At the end of 11 months, the number of tax invoices issued increased  by 19%, and sales turnover by them - by 10.5%, fiscal revenues by  cash registers - by 11%. As a result of meetings and explanatory work  with individual taxpayers, according to the submitted corrected  calculations, in January-November 2017, the amount of VAT and profit  tax increased by 3.9 billion drams.