Wednesday, October 16 2019 16:05
Naira Badalian

Head of SRC: In the first 9 months of 2019, tax collections increased  by AMD 191.5 billion or 21.6% per annum 

Head of SRC: In the first 9 months of 2019, tax collections increased  by AMD 191.5 billion or 21.6% per annum 

ArmInfo. The actual tax revenues of the state treasury of Armenia for January-September 2019 amounted to 1 trillion 79 billion 200 million drams, compared to last year's 887 billion 700 million drams for the same period. Overfulfillment  totaled 21.7%. This was stated by Chairman of the State Revenue  Committee (SRC) of Armenia David Ananyan on October 16 at a press  conference, summing up the work of the tax and customs committee for  9 months.

The head of the SRC reminded that according to the results of the  first half of the year, tax collections were already exceeded by  about 63 billion drams. Meanwhile, the financial authorities planned  to collect an additional 62 billion drams by the end of the year. At  that time, the financial authorities stated that the growth rate of  tax collections would not be maintained during the 3rd quarter, on  the contrary, an underfulfillment of 20-22 billion drams was  expected. Nevertheless, the fact of underfulfillment was at the level  of 10 billion. "As a result, if the adjusted program indicator of tax  revenues, taking into account the additional 63 billion drams  received, for 9 months amounted to 1 trillion 61 billion 500 million  drams, the actual income for January-September reached 1 trillion 79  billion 200 million drams, recording an absolute overfulfillment of  17.7 billion drams or 1.7%, "Ananyan said.

So, according to Ananyan, during the reporting period, tax collectors  collected about 812 billion 400 million drams, and customs officers -  266 billion 800 million drams, compared to last year's 654 billion  800 million and 232 billion 900 million drams, respectively. The  amount of VAT refund and income tax increased by 19.6% or 86 billion  700 million drams against 72 billion 500 million drams in January-  September 2018.

During the reporting period, the tax authorities have also succeeded  in tax excess payments paid by taxpayers. If, as of January 1, 2018,  overpayments were at the level of 132.5 billion drams, then on  January 1 of the current year this figure decreased to 21.5 billion  drams, but as of October 1, it was only 9.2 billion.  drams. The  "old" and "new" debit balances from 147 billion 600 million as of  January 1, 2018 decreased to 123 billion 600 million drams as of  October of this year.

At the same time, in January-September 2019, an appealing body of  decisions of the tax and customs authority also functioned actively.  So, if for the 9 months of 2018 272 appeals were satisfied, then for  the same period of the current year, the indicator reached 549. In  total there were 1385 appeals against 640 for 9 months of 2018.  "Optimists can see in this the increasing public confidence in the  institution of appeal of the SRC, while pessimists say this figure  indicates to increasing dissatisfaction with the work of the  department," Ananyan joked.

To recall, according to the draft budget for 2020, state tax revenues  (tax revenues and state duties) are projected at 1,602,129,712.8  thousand drams (1.60 trillion drams or 94.4% of the projected state  budget revenues) instead of 1,401,875,600.6 thousand drams budgeted  for 2019 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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