ArmInfo. In January-May 2020 the RA State budget's tax revenues, despite the situation with the pandemic, increased by 2.2%, amounting to 583.6 billion drams. This was announced on June 12 during a press conference by the Deputy Head of the Department of the State Revenue Committee of the Republic of Armenia (SRC) on tax audits Arthur Hakobyan
At the same time, he drew attention to the fact that the increase in tax revenues was achieved, including against the background of an increase in the amount of funds to be returned to taxpayers. In this context, Hakobyan said that for 5 months of 2020, a total of 47.4 billion drams were returned to taxpayers, which is 18% higher than the indicator a year ago. "The growth rate of 2.2%, to a large extent is due to the consequences of the spread of the pandemic and is far from our expectations," the representative of the SRC emphasized.
In particular, in this regard, he said that in April, a decline was recorded in terms of VAT - by 16%, which had the most significant effect on the activities of economic entities due to restrictions; in May - by 24%, in terms of income tax - by 3 billion AMD, turnover tax (for the Q1) - by 7%, however, only in April the number of jobs decreased in Armenia - by 12 thousand.
At the same time, in Q1 of 2020, according to Hakobyan, a thousand large taxpayers of the Republic of Armenia increased payments to the state budget by 11% to 245.6 billion drams. In this regard, he emphasized that the growth was achieved not due to the 5 leaders, but a uniform increase in tax payments from all taxpayers. <For example, payments by the taxpayer who finished last on this list increased by 10%. This suggests that over a given period of time, economic activity was nevertheless observed in all areas and industries>, he said.
