State Revenue Committee: the main problem of tax collection in Armenia - incomplete documenting of transactions

ArmInfo. According to the results of the dialogue that started in 2017 between the State Revenue Committee of Armenia and business, the growth of tax revenues was recorded, the press service of the ministry reports.

According to Armen Safaryan, the head of the Tax Inspectorate - the Office of Large and Medium Taxpayers of the Armenian State Securities Committee, despite the fact that a number of business entities have significantly improved their tax behavior, however, the risks still exist. Underestimation of profits, inflation of expenses, incomplete declaration of turnover and prices of taxpayers, violation of the rules for the use of cash registers - these are the main tasks that are inherent in almost all spheres," he said.

According to the information, at this stage, on the instructions of the head of the tax and customs body, there continue the posse discussions, during which entrepreneurs are presented risks inherent in a particular area. As the head of the Tax Inspectorate-Department of Small Taxpayers of the Kyrgyz Republic, Rafik Mashadyan noted, the main problem is incomplete documenting of transactions. "If it is possible to achieve correct and complete documentation of transactions, then there will not be any risks associated with the calculation of taxes," he said.

On the eve of SRC Armenia announced the growth of tax deductions to the budget. At the end of 2017, the Committee provided 1 201.6 trillion AMD of tax revenue (including VAT) instead of the envisaged 1,135 trillion. The amount of tax revenues for the reporting period exceeded the actual annual indicator of 2016 by 124.7 billion or 11.6%. In particular, the tax authorities provided 883.8 billion, with the annual growth of 7.9% or 64.6 billion and 317.8 billion accounted for by the customs, with an increase of 23.3% per annum or 60 billion. Excluding VAT, the amount of tax revenues amounted to 1 155 trillion, which is more than the annual figure by 7.3% or 78.7 billion.