ArmInfo. The Ministry of Finance of Armenia with reservations to treat tax benefits. This was stated by head of the department Atom Dzhandzhugazyan on December 7 at a meeting with reporters.
"I think this is not the most effective tool to stimulate the economy," said Dzhandzhugazyan. He recalled that lost profits are state-owned due to various tax benefits in 2020 are estimated at 457 billion drams, or 6.45% of the projected GDP. In the absence of such benefits, as the Minister pointed out, in 2020 Armenia could collect taxes for 2 trillion 059 billion drams or 29% of GDP, against the forecasted 1 trillion 602 billion 252 million 712 thousand drams or 22.6% of GDP.
Recall that on November 28 at a government meeting, the "Strategy for reforming the public finance management system for 2019-2023 was approved." and the "Program of measures of the public finance management system for 2019-2023", which, according to the Ministry of Finance, promises an equitable distribution of public wealth. The authors of the project, among other things, note that the current tax legislation has established numerous tax benefits that have yet to be assessed for their effectiveness and targeting, and, if necessary, abandon the "unnecessary" ones. The goal, as indicated, is to promote the development of the national economy, to increase its investment attractiveness and the efficiency of income distribution.
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