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State Budget Revenues from Profit Tax Increase by 71.2% Jan-May 2005

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  • State Budget Revenues from Profit Tax Increase by 71.2% Jan-May 2005

    RA STATE BUDGET REVENUES FROM PROFIT TAX INCREASE BY 71.2% IN
    JANUARY-MAY

    YEREVAN, JULY 4, NOYAN TAPAN. In January-May, 2005, the profit tax
    revenues of the RA state budget grew by 71.1% to 18.9 bln drams (about
    41 mln USD). According to the RA National Statistical Service, in the
    months under review, VAT increased by 20.8% to 52 bln drams, the
    excise tax - by 8.7% to 14 bln drams. The income tax grew by 28.1% to
    9.1 bln drams in the period under review, the simplified tax - by 7%
    to 2.7 bln drams, while the fixed payments - by 14.6% to 5 bln
    drams. The amount of customs duty revenues grew by 39.5% to 6 bln 98.8
    mln drams. Other tax revenues of the state budget increased by 138.6%
    in January-May and made 1.4 bln drams.
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