ArmInfo.As of December 30, tax revenues to the state treasury of Armenia for 2021 were exceeded by 146 billion drams, or more than 10%. Chairman of the State Revenue Committee (SRC) of the Republic of Armenia Rustam Badasyan announced this on December 30 at the last government meeting in 2021.
Badasyan recalled that tax revenues (taxes and state duty) in the law "On the state budget for 2021" are fixed at 1 trillion 440 billion 136 million 839.5 thousand drams. However, the financial authorities of the country revised their expectations on tax collections several times during the year, most recently in the state budget for 2022, fixing an indicator of 1 trillion 581 billion drams. "However, as of December 30, fees have already amounted to 1 trillion. 586 billion drams, today the proceeds are still expected," the head of the State Revenue Committee said.
Thus, according to the chief tax officer, the increase in comparison with 2020 amounted to 14.5% or 200.5 billion drams, compared to 2019, it was collected 121.4 billion drams or 8.3% more.
In addition, the authorities also broke another record in terms of refunds to businesses - 182 billion drams, mainly through VAT. "Today we plan to return another 3 billion drams, thus the y-o-y figure will reach 185 billion drams," he said. In 2020, the indicator was 140 billion drams (31% less), in 2019 - 180 billion drams (1% less).
Badasyan noted that the growth of tax collections was undoubtedly influenced by new duties from mines, as well as an increase in rates on payments to the Military Insurance Fund. However, even without taking into account these taxes, as the head of the State Treasury Department pointed out, tax revenues of the state treasury amounted to 1 trillion 531 billion drams, against 1 trillion 376 billion drams in 2020 and 1 trillion 456 billion drams in 2019.
