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GOVERNMENT'S PLANS TO INCREASE TAX COLLECTION IN 2012 BY 101 BILLION DRAMS NOT TO BECOME BURDEN FOR BUSINESSES
ARKA
Oct 11, 2011
YEREVAN, October 11. /ARKA/. The government's plans to increase tax
collection in 2012 by 101 billion drams will not become so heavy
burden for businesses, given that a set of conditions is met, Arsen
Ghazaryan, chairman of the Union of Manufacturers and Businessmen
(Employers) of Armenia, said Monday at a news conference.
The 2012 draft budget calls for increase of tax revenues by 101
billion drams.
"We don't find AMD 101 billion too heavy burden, if taxation is
apportioned among areas evenly, if shadow dealing is lessened and
if the number of entrepreneurs enjoying tax preferences contracts,"
Ghazaryan said.
He finds it very important to carry out transition to tough tax
administration measures gradually to give time to the market, including
taxpayers, for adapting to them.
Ghazaryan also warned the State Revenue Committee officers against
harming small and mid-scale businesses while working in the new tax
collection regime.
Asked how much enterprises and businessmen are involved in shadow
dealing, he said that shadow economy is quite large in some sectors,
but refrained from indicating them.
Ghazaryan said that those players dominating the market are in
advantageous competitive positions here in a clear breach of the
rules of equal competition.
"I can't say their number is large, but I agree that there is still
plenty to do and that it is necessary to root out oligopolies,"
he said.
The union chairman said that in recent three years the State Revenue
Committee has managed to enlarge tax collection a great deal, and new
economic entities have appeared in the list of the largest taxpayers.
"Profit tax inflow is increasingly intensifying," he said.
Ghazaryan said that it is a serious task to enlarge tax collection
to AMD 101 billion, but business community and the government should
reach this goal by joint efforts.
"The country should improve the ratio of taxes to GDP to show the
international community that supports us what results our reforms
produce to give it grounds for further support," he said.
According to ARKA News Agency's data based on the official statistical
report stating that GDP totaled AMD 1.4 trillion in Jan-June 2011
and the government budget tax revenue amounted to AMD 305 billion,
taxes made up 21.1% of GDP at the mentioned period of time.
On September 29, the government approved the 2012 draft budget,
in which revenue is projected at AMD 910 billion, spending at AMD
1042.5 billion and deficit at 132.5 billion.
In the 2012 draft budget, revenue is planned to be enlarged by 6.8%
from the AMD 852.4 billion projected for 2011. Budget spending was
enlarged by AMD 41.5 billion, compared with the 2011 government
budget. ($1 = AMD 375.1).
From: A. Papazian
ARKA
Oct 11, 2011
YEREVAN, October 11. /ARKA/. The government's plans to increase tax
collection in 2012 by 101 billion drams will not become so heavy
burden for businesses, given that a set of conditions is met, Arsen
Ghazaryan, chairman of the Union of Manufacturers and Businessmen
(Employers) of Armenia, said Monday at a news conference.
The 2012 draft budget calls for increase of tax revenues by 101
billion drams.
"We don't find AMD 101 billion too heavy burden, if taxation is
apportioned among areas evenly, if shadow dealing is lessened and
if the number of entrepreneurs enjoying tax preferences contracts,"
Ghazaryan said.
He finds it very important to carry out transition to tough tax
administration measures gradually to give time to the market, including
taxpayers, for adapting to them.
Ghazaryan also warned the State Revenue Committee officers against
harming small and mid-scale businesses while working in the new tax
collection regime.
Asked how much enterprises and businessmen are involved in shadow
dealing, he said that shadow economy is quite large in some sectors,
but refrained from indicating them.
Ghazaryan said that those players dominating the market are in
advantageous competitive positions here in a clear breach of the
rules of equal competition.
"I can't say their number is large, but I agree that there is still
plenty to do and that it is necessary to root out oligopolies,"
he said.
The union chairman said that in recent three years the State Revenue
Committee has managed to enlarge tax collection a great deal, and new
economic entities have appeared in the list of the largest taxpayers.
"Profit tax inflow is increasingly intensifying," he said.
Ghazaryan said that it is a serious task to enlarge tax collection
to AMD 101 billion, but business community and the government should
reach this goal by joint efforts.
"The country should improve the ratio of taxes to GDP to show the
international community that supports us what results our reforms
produce to give it grounds for further support," he said.
According to ARKA News Agency's data based on the official statistical
report stating that GDP totaled AMD 1.4 trillion in Jan-June 2011
and the government budget tax revenue amounted to AMD 305 billion,
taxes made up 21.1% of GDP at the mentioned period of time.
On September 29, the government approved the 2012 draft budget,
in which revenue is projected at AMD 910 billion, spending at AMD
1042.5 billion and deficit at 132.5 billion.
In the 2012 draft budget, revenue is planned to be enlarged by 6.8%
from the AMD 852.4 billion projected for 2011. Budget spending was
enlarged by AMD 41.5 billion, compared with the 2011 government
budget. ($1 = AMD 375.1).
From: A. Papazian