Monday, May 7 2018 13:24
Naira Badalian

SRC: The taxable turnover in Armenia for the first quarter of 2018 increased by 16.5%

SRC: The taxable turnover in Armenia for the first quarter of 2018  increased by 16.5%

ArmInfo. In April 2018, the State  Revenue Committee of Armenia provided the state treasury with tax  revenues worth 108.3 billion AMD. Absolute growth, compared with the  same period in 2017, amounted to 23.2 billion AMD or 27.2%, the press  service of the RA SRC reports.

In particular, according to the information, the tax revenues of the  state budget from the payers of the trade fee for April 2018 compared  to the same period of 2017 increased by 34.9% (excluding excise tax),  of which by 37.9% increased payments to the budget of large and  average taxpayers, by 23.6% small business.

In addition, for the first quarter of 2018, a turnover tax of 4.2  billion AMD was calculated. The indicator increased by 0.7 billion or  19.3% compared to the same period of 2017. At the same time, fiscal  revenue by cash method grew by 11.6 billion or 24.8% to 58.1 billion.

In Jan-March 2018, compared to the same period in 2017, the  VAT-affected turnover increased by 16.5% or 112.3 billion in the  context of the sales turnover growth by 16.3% or about 229.2 billion.  At the same time, the estimated value of VAT increased by 11.4  billion or 25.8%.

In addition, the volume of products imported to Armenia as well as  purchased goods and services increased by 132.8 (34.1%) and 85.3  billion (17.9%), respectively.

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