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VAT Makes Up 46.8% Of RA State Budget Tax Revenues In January-Februa

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  • VAT Makes Up 46.8% Of RA State Budget Tax Revenues In January-Februa

    VAT MAKES UP 46.8% OF RA STATE BUDGET TAX REVENUES IN JANUARY-FEBRUARY 2006

    Noyan Tapan
    Apr 04 2006

    YEREVAN, APRIL 4, NOYAN TAPAN. The VAT revenues of the RA state budget
    amounted to 22.1 bln drams (about 50 mln USD) in January-February
    2006, or 46.8% of the total tax revenues. About 14.4 bln drams of this
    sum was received from taxation on the Armenian border, while 7.8 bln
    drams - from domestic commodity and service turnover. According to
    the RA Ministry of Finance and Economy, VAT revenues grew by 3.8%
    on the same period of last year. The excise tax revenues made 6.5
    bln drams in January-February of this year, making up 13.7% of the
    tax revenues. About 4.1 bln drams was collected from the import of
    goods subject to excise taxation, with taxes from the import of
    gasoline amounting to 1.8 bln drams and those from the cigarette
    import - to 1.9 bln drams. The income tax revenues increased by 1.8
    bln drams to 5.1 bln drams due to a growth in revenues received from
    job payments. The profit tax revenues of the RA state budget grew by
    51.8% in January-February 2006 on the same months of 2005 and made over
    6.2 bln drams. This growth was mainly conditioned by the increase in
    the payments made by nonresidents and the enterprises with nonstate
    investments, including foreign ones. The customs duties of the state
    budget amounted to 2.5 bln drams in the months under review, and the
    simplified tax - to 1.2 bln drams.
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