Friday, January 29 2021 15:13
Alina Hovhannisyan

Armenian tax authorities reveal 8.5 billion drams of shadow turnover  in 2020

Armenian tax authorities reveal 8.5 billion drams of shadow turnover  in 2020

ArmInfo. In 2020, the SRC's  (State Revenue Committee) Inquiry and Operations Search Department  carried out serious work to identify the shadow turnover of economic  entities. As Vahan Charkhifalakyan, who heads the SRC's this  Department, informed during a press conference on January 29, as a  result of 493 operational-search measures, 8.5 billion drams of  shadow turnover were revealed, as a result of which additional tax  liabilities totaling 730 million drams were returned to the state  budget.

At the same time, he noted that in 2019 the size of the shadow  turnover amounted to only 1.5 billion drams, and as a result, an  additional 214 million drams were sent to the state budget in terms  of taxes. A predominantly shadow turnover was identified in the  construction, retail and wholesale trade.

As Charkhifalakyan explained, such an increase in the identified  shadow turnover is associated with an increase in the efficiency of  tax administration, in particular, with the introduction of new  approaches and criteria.