Thursday, February 22 2018 13:33
Naira Badalian

In Armenia they promise to facilitate the life of law-abiding taxpayers

In Armenia they promise to facilitate the life of law-abiding taxpayers

ArmInfo. The Prime Minister of Armenia Karen Karapetyan on February 22 at a Cabinet meeting called for proposals to facilitate the life of law-abiding taxpayers.

The Prime minister stressed that the revenues of the state treasury of Armenia in 2017, as compared to 2016, grew by about 125 billion drams. "Despite this indicator, it should be noted that there are still problems in reducing tax risks, evading tax payments or their artificial reduction, as well as in the sphere of targeted use of tax benefits due to inaccurate legislative regulations," Karapetyan said.

In this regard, as the head of government said, the State Revenue Committee (KGD) recently arranged meetings with more than 500 taxpayers in 18 areas, and studies were carried out. As a result, it became clear that the solution of the identified problems is in the competence of a number of other executive bodies.

Taking into account the above, Karen Karapetyan instructed the head of the KGD, within 7 days, to identify the problems and proposals on their possible decision on the spheres to be presented to the heads of the republican executive bodies.  In addition, the head of the government staff was instructed to develop and submit a draft decision on the creation of an interdepartmental working group within 10 days. The latter, within a strictly defined timeframe, will have to submit proposals to the government to soften tax administration for law-abiding taxpayers, reduce tax risks and remove mechanisms that facilitate this, clarify the mechanisms for applying benefits, and address identified systemic problems. "The number one task that faces the interdepartmental group is the facilitation of the life of law-abiding taxpayers," the prime minister said.

Recall that in late January this year. the head of the Tax Inspectorate of the Department of Large and Medium Taxpayers of the Armenian State Securities Committee Armen Safaryan stated that according to the results of the dialogue started between the RA KGD and business in 2017, the growth of tax revenues was recorded. Noting that the business entities significantly improved their tax behavior, he pointed out that 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 infernal discussions, during which the entrepreneurs are presented with the risks inherent in a particular area. As the head of Tax Inspectorate- Department of Small Taxpayers of KGD of Armenia 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.

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

POST A COMMENT
Input digits     


News
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Armenia`s footwear exports to Russia 11 times up Armenia`s footwear exports to Russia 11 times up 
EDB sets course for digital future of transportation at joint EEC and  ESCAP eventEDB sets course for digital future of transportation at joint EEC and  ESCAP event
Team`s Next Generation Networ is already available in AshtarakTeam`s Next Generation Networ is already available in Ashtarak
Read more


Exchange rates
22.04.2024
RUB4.20-0.01
USD391.44-1.16
EUR416.84-1.20
GBP482.49-5.63
CAD285.290.20
JPY25.29-0.11
CNY54.04-0.18
CHF429.40-2.65