Thursday, January 4 2024 12:49

ArmInfo. According to the  forecasts of the State Revenue Committee of the Republic of Armenia,  according to the results of last year, a significant improvement in  the ratio of taxes to GDP in Armenia will be recorded. The head of  the department, Rustam Badasyan, stated on January 4 in a  conversation with reporters.

According to him, the revenues of the RA state budget through taxes  in 2023 were 2 trillion 221 billion drams, which exceeded the amount  of tax deductions of the previous year by 296 billion drams. "The  final data will be presented in February of this year, but our  research shows that the ratio of taxes to the state's GDP will be  significantly improved," Badasyan emphasized, adding that all these  indicators are evidence of a reduction in the volume of the "shadow"  economy.

The head of the State Revenue Committee also noted that the  overfulfillment of planned indicators is largely due to various  political factors and improved quality of administration. "Improving  the quality of administration and tax discipline played a significant  role in ensuring these indicators," said the head of the Committee,  pointing to cases of revelations of shadow activities of business  entities last year, as a result of which tax liabilities amounting to  billions of drams were restored, which, in turn, had an indirect  impact on increasing tax discipline. 8.6 billion drams were restored  through the "well-known case" of retail chains alone, including the  Nor Zovk supermarket chain, and another 8.5 billion drams were  restored through the import of cars.