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Tax Service Reports Increased Tax Collection

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  • Tax Service Reports Increased Tax Collection

    Armenpress

    TAX SERVICE REPORTS INCREASED TAX COLLECTION

    YEREVAN, APRIL 12, ARMENPRESS: The chief of Armenian taxation service,
    Felix Tsolakian, reported today to president Kocharian that the service
    collected 35 billion drams in tax revenues in the first quarter of the year,
    1 billion more than projected. The figure is also by 6.4 billion higher than
    was collected in the first quarter of 2004.
    He also said 12.9 billion drams were collected in mandatory social
    payments in the same time span. This figure is 3.4 billion drams more than
    collected in the first quarter of 2004.
    President Kocharian was quoted by his press office as saying that the
    service should pay greater attention to collection of mandatory social
    payments. Kocharian said the service should develop legislative changes to
    further improve this practice, based on in-depth analyses of international
    practice.
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