In the first half of 2020 tax revenues in Armenia declined by 2.3%

ArmInfo. In the first half of  2020 tax revenues in Armenia decreased by 2.3% or 17.6 billion drams,  amounting to a total of 745.6 billion drams. According to the press  service of the State Revenue Committee of Armenia (SRC), of this  amount, the revenues actually collected by the tax authority amounted  to 622.2 billion drams (annual growth by 3.2%), and by customs  authorities -123.4 billion drams (annual decline by 23.1%) .

It is reported that for this period 65.3 billion drams were  compensated to economic entities in terms of income tax, which was  directed at servicing VAT and mortgage rates. In y-o-y terms, this  indicator increased by 29.6%.