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Guillermo Tolosa: Tax Collection Level In Armenia Is Lower Than In A

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  • Guillermo Tolosa: Tax Collection Level In Armenia Is Lower Than In A

    GUILLERMO TOLOSA: TAX COLLECTION LEVEL IN ARMENIA IS LOWER THAN IN AFRICAN COUNTRIES

    PanARMENIAN.Net
    April 9, 2010 - 16:53 AMT 11:53 GMT

    Mr. Guillermo Tolosa, Resident Representative of the International
    Monetary Fund (IMF) in RA, said that the correlation of tax collection
    level against the economy's volumes is rather low in Armenia, even
    lower than in African countries.

    "Unfortunately, I should note that the measures, undertaken by the
    Armenian government, supported by the IMF and aimed at improving the
    system of tax administration, have not yielded the expected result.

    Some governmental reforms were implemented slower, than expected,"
    he said.

    Mr. Tolosa also stated that he shares the authorities' concerns
    related to the low level of tax collection from large businesses. "The
    activity of the RA State Revenues Committee department dealing with
    large tax-payers shall become more active," he said.
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