Wednesday, July 3 2024 16:05
Naira Badalian

Trend of shadow economy is reducing; Rustam Badasyan assures

Trend of shadow economy is reducing; Rustam Badasyan assures

ArmInfo. According to the results of the first 5 months, the State Revenue Committee (SRC) of Armenia  returned 64 billion drams to the state treasury, the head of tax and customs department Rustam Badasyan said in an interview with Public Television.

"Summing up the results of at least the last 2 years, we have a clear  assessment of how much the SRC, as an administrative body, is able to  reduce the <shadow> using its tools. This year, we summed up the  results of the first five months and recorded that about 64 billion  drams were returned to the state budget,"  he noted. At the same  time, the chief tax officer noted that this figure increased by about  20 billion drams year-on-year.

"If we compare 2023 with 2022, we will record growth again. This  means that the dynamics of reducing the "shadow" in the economy in  Armenia has continued in recent years. This also means that our  capabilities, the improvement of our tools and our investments in IT  infrastructure are justified. That is, we begin to see, respond to,  and recover from risks more often,"  noted Rustam Badasyan.

On May 31, at the preliminary hearings of the annual report <On the  execution of the State Budget of the Republic of Armenia for 2023> in  parliament, head of the State Revenue Committee Rustam Badasyan said  that, according to the department's observations, the "shadow" has  decreased over the past three years.  Thus, in 2023, an assessment  was made of the volumes of value added tax, profit tax and income tax  for 2022. The State Revenue Committee established that the tax gap is  3.06% of GDP. The indicator, compared to the previous year, improved  by 0.5 percentage points, Badasyan noted.