Monday, January 25 2021 16:29
Alina Hovhannisyan

SRC reported on the results of 2020

SRC reported on the results of 2020

ArmInfo.  Tax collections of  the State Revenue Committee of Armenia at the end of 2020 exceeded  the volume of the envisaged indicator. Head of the State Revenue  Committee for tax administration Karen Tamazyan announced this during  a press conference on January 25.

In particular, he noted that in early 2020, according to the draft  budget, the SRC set a revenues benchmark figure of 1.607 trillion  drams, however, due to the spread of the coronavirus pandemic, the  latter was adjusted to 1.326 trillion drams. However, as Tamazyan  noted, according to the results of the year, the plan was exceeded.   Thus, in 2020, we managed to collect 1.385 billion drams, which is  4.5% higher than the benchmark figure . However, he stressed that  these figures are not comparable to the results of 2019.

In total, according to the head of the department, in 2020, taking  into account state duties, tax collections amounted to 1.523 trillion  drams, of which 138 billion drams were returned to taxpayers.

Speaking about the structure of collected taxes, Tamazyan noted that  71.3% of the total amount of tax revenues falls on the share of 1,000  large taxpayers. From the point of view of the regimes, he explained  that more than 90% of the total volume of tax collections is  represented by VAT payers (15 thousand subjects) and non-profit  organizations (6 thousand).

As the priority areas of the SRC's activities in 2021, Tamazyan  called the strengthening of control over economic entities using the  old generation cash registers , the number of which, according to the  latest data, is 5 thousand. Whereas, according to the requirement of  the SRC, from January 1, 2019, all taxpayers had to switch to the use  of a new generation cash registers. In this regard, Tamazyan said  that in 2020 over 800 taxpayers were warned and over 100 were fined.  "In 2021, work in this direction will continue," he stressed. In  addition, this year the SRC will tighten control in the direction of  taxpayers who are microbusiness entities, the number of which reaches  40 thousand, and economic entities,

To recall, according to the State Revenue Service, in 2020, 1000 of  the largest taxpayers of Armenia paid 987.6 billion drams to the  state treasury, which is 7% less than a year ago. 


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