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Custom Duty Collection Grows By 11.2% In Armenia In January-October

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  • Custom Duty Collection Grows By 11.2% In Armenia In January-October

    CUSTOM DUTY COLLECTION GROWS BY 11.2% IN ARMENIA IN JANUARY-OCTOBER 2006 ON SAME PERIOD OF LAST YEAR

    Noyan Tapan
    Dec 05 2006

    YEREVAN, DECEMBER 5, NOYAN TAPAN. In January-October 2006, the RA
    state budget's customs duty revenues made 14.5 bln darms, exceeding
    by 11.2% or 1.5 bln drams (about 3.5 mln USD) the respective index
    of 2005. According to the RA Ministry of Finance and Economy, in the
    first ten months of 2006, fixed payments from certain types of activity
    amounted to 12.3 bln drams, exceeding by 17.8% or about 1.9 bln darms
    the respective index of last year. The growth is mainly conditioned by
    an increase in payments for gasoline filling, transport activity and
    organization of public catering and trade facilities. In the period
    under review, the state budget's simplified tax revenues made 6.2
    bln drams, growing by 12.1% or 670.8 mln drams on the same period of
    last year mostly due to an increase in revenues from trade. During
    the first ten months of this year, the budgetary revenues from other
    taxes made over 9.8 bln drams.

    Particularly, nature use and environmental protection payments amounted
    to 5.6 bln drams and road payments - to 2.1 bln drams. Other taxes
    grew by 30% or about 2.3 bln drams on the same months of last year,
    which was mainly due to an increase in nature use payments and fines
    for violation of the tax legislation.
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