ArmInfo. The tax based incomes estimated in the Draft Budget 2017 at AMD 1 trln 135 bln are justified with the expected 5 % GDP growth and will not generate any stricter conditions for business, Vardan Aramyan, the Minister of Finance stated answering ArmInfo question.
According to the Minister, about AMD 16 bln is expected to receive in respect to import based taxes. This year large volumes of import has been expected from third countries, but actually the import flow came from EEU countries, with less tax expectations accordingly. The factor of investment projects reated VAT postpones could not be denied as well, Aramyan mentioned. Particularly, in 2016 the Government rendered a payment grace for AMD 3 bln more than expected.
As Minister ensured, already next year any unjustified intervening to business activities will be cancelled, as well as unjustified taxation. And the tax load should be increased for those who wok "in the shadow" and do not observe the law. In this context the expectations in respect to Draft Budget, which are higher than those for this year will not affect business conditions.
To remind, the tax based budget revenues for 2017 are estimated at AMD 1 trln. 135 bln, or 21% GDP, which is 0,3% higher than the same indicator for 2016 ( AMD 1 trln 129 bln in 2016-¬ and AMD 1 trln 065 bln in 2015 ). Armenia's budget revenues in 2017 will form AMD 1 trlan 210 bln (about $2,55 bln.). Tax based revenues will form 93,8% of all the budget incomes: benefit based revenues are estimated at AMD 347,2 bln, profit based taxes - at AMD 134,2 bln, custom fees - AMD 53,6 bln, environment fees -at AMD 32,7 bln, license fees and turnover tax - AMD 24,3 bln, by lump charges - amd #<# BLN> In respect to direct social security fees AMD 14,3 bln income is expected.