Tuesday, January 16 2018 17:24
Naira Badalian

Artak Shaboyan: The increase in price on the consumption market is completely conditioned by the tax changes that came into force on January 1

ArmInfo. The State Commission  for protection of economic competition(SCPEC) did not reveal any  abuses on the market of socially significant goods in those  industries where there are economic entities with a dominant position  in the market. On January 16, SCPEC Chairman Artak Shaboyan told  journalists, presenting the results of monitoring the market of goods  of social value in connection with the price hikes.

According to Shaboyan, the Commission carried out detailed  calculations to determine the degree of correlation of prices for  goods with tax changes. According to monitoring data, the price of 1  liter of gasoline rose by 20 drams, 1 liter of diesel fuel - by 60  drams, 1 cubic meter of compressed gas - by 20 AMD. So, since January  2018, the excise tax on gasoline imports is 40,000 AMD against the  early 25,000 drams (per 1 ton). At the same time, the amount of  excise tax and VAT increased from 120 thousand drams to 135 thousand  AMD, which, in turn, affected the final price. At the same time,  until 2018 import and sale of diesel fuel were not subject to VAT,  and the amount of excise tax was not less than 35 thousand AMD for 1  ton. Since January, the excise tax has decreased, amounting to 13  thousand AMD. However, along with this, VAT taxation was added, which  led to a rise in price of a liter of diesel fuel by 60 AMD. As for  compressed gas, according to Shaboyan, the excise tax increased by  16670 drams - from 8830 AMD to 25 thousand AMD. Plus the amount of  VAT, which led to a rise in price of a total of 20 thousand AMD. As a  result, according to the SCPEC chairman, it turned out that the price  hikes are completely conditioned by the amendments to the Tax Code  that came into force on January 1.

At the same time, comparing the prices for gasoline and diesel fuel  in Armenia and Georgia, Artak Shaboyan assured that they are almost  identical. A slight difference, as the head of the State Commission  pointed out, is due to the fact that the gasoline imported to Armenia  is transit through the territory of Georgia, and transport costs  significantly affect the final cost of fuel. In addition, Georgia  also imports fuel from Azerbaijan and Turkmenistan.

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