Large and medium-sized taxpayers of Armenia ensured the growth of tax revenues to the state budget by 93 billion AMD

ArmInfo. The large and  medium-sized taxpayers of Armenia ensured the growth of tax revenues  to the state budget of the current year by 93 billion. This is  evidenced by the analysis conducted by the inspection department of  large and medium taxpayers of the State Revenue Committee of the  Republic of Armenia.

According to the press service of the ministry, in Jan-Oct 2017,  compared with the same period in 2016, the revenues from the  implementation of programs in such areas as communications,  construction, construction, education, import of medicines,  publishing and printing. In addition, income from food production and  road construction decreased. The reduction is mainly due to a  decrease in the competitive environment of commercial repositories  and the repayment of obligations due to overcharging.

In return, in comparison with the first 10 months of 2016, in Jan-Oct  2017 tax revenues from 57 spheres increased by 53.7 billion AMD. The  growth is mainly due to the mining industry, supermarkets, services,  production, imports and trade. If 502 economic entities recorded a  decrease in tax deductions, which amounted to 56.2 billion drams, 584  entities increased tax payments by 93 billion drams or 48.6%.