ArmInfo. In October 2017, Armenian tax officials returned VAT to the exporters in an unprecedented amount - over 8.5 billion AMD, exceeding the amount for the same period of 2016 by 3.4 billion AMD. In addition, the Armenian Tax and Customs Service made every effort to simplify procedures as much as possible and to shorten the time for VAT refund to exporters. On November 1, at a meeting with journalists, the head of the department of tax transfers and return of the Organizational and Control Department of the State Revenue Committee (ARC), Arman Mirzoyan, reported.
According to him, the increase in VAT refunds amounted to 66%, and in terms of coverage and range of beneficiaries, the indicator increased by 147%. If in October of last year AMD 3.4 billion was reimbursed to 19 entrepreneurs, this year the amount of 8.5 billion AMD was returned to 47 taxpayers. As before, the lion's share of the returned funds falls to the share of the mining industry, followed by the export of alcoholic and canned products in second place with some dynamics. "This indicates an increase in the volume of Armenian exports, and the returned funds will return to the economy of the country, thereby ensuring further growth," Mirzoyan said. At the same time, the largest share in 8.5 billion AMD is made up of large exporters, whose claims exceed 20 million AMD.