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Tax Inflows Into The State Budget Of Armenia Were Over-Performed By5

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  • Tax Inflows Into The State Budget Of Armenia Were Over-Performed By5

    TAX INFLOWS INTO THE STATE BUDGET OF ARMENIA WERE OVER-PERFORMED BY
    5,8% FOR 4 MONTHS OF 2005, MAKING AMD 53,161 BLN

    YEREVAN, May 19. /ARKA/. Tax inflows into the state budget of Armenia
    were over-performed by 5,8% for 4 months of 2005, and compared to
    analogous period of 2004- by 32,6%. In particular, instead of the
    planned AMD 50,13 bln. the amount of the inflows made AMD 53,161 bln.

    during the reported period and AMD 39,984 bln. during the reported
    period of 2004. According to the RA State Tax Service, AMD 4,387 bln.

    was collected of the total sum of tax inflows during the reported
    period.

    For 4 months of 2005 social payments tax authorities of Armenia
    collected AMD 18,254 bln. versus AMD 13,230 bln. in 2004.

    The highest indicators compared to the anticipated ones made 41,2%
    at the expense of taxes on profit, 30,7% - income tax, and 33,3%- VAT.

    In particular, for 4 months of 2005, the volume of collection of
    tax on profit made AMD 15,244 bln. versus AMD 9,81 bln. compared to
    January-April 2004, tax-on-income- AMD 7,62 bln. versus AMD 5,612
    bln. in 2004, VAT - AMD 15,295 mln. versus AMD 10,136 bln. for 4
    months of 2004.

    Fiscal payments made AMD 3,927 bln. versus AMD 3,445 bln. in 2004,
    thus performing the planned indicators by 28%. The volume of collection
    of the simplified tax made AMD 2,334 bln. for 4 months of 2005 versus
    AMD 2,145 bln. in 2004 (performed by 27,5% ).

    High indicator is recorded for the return of finances taken from the
    state budget. In particular, as of May 1, 2005, AMD 5,332 bln. was
    returned to households, versus AMD 1,987 bln. for the same period of
    2004. ($1 = AMD 450,91). A.H. --0-
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