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ARMENIAN PRESIDENT INSTRUCTS STATE REVENUE COMMITTEE TO ENSURE AMD 15 BILLION MORE TAX REVENUE THAN BUDGET PROJECTION
YEREVAN, January 18. /ARKA/. Armenian President Serzh Sargsyan
instructed Head of the State Revenue Committee Gagik Khachatryan
to ensure the tax revenue exceeding the amount planned in the 2013
government budget by AMD 15 billion.
In the 2013 budget, tax and state duty revenue is projected at AMD
993.08 billion (by AMD 118.7 billion more than in the 2012 budget).
"I hope the committee will cope with this task," he said. "I am
completely satisfied with the job done, and this should inspire
others."
Nevertheless, Sargsyan said, there are many problems in the system
and there is still plenty to do here.
The president said many were skeptical about the previous year's tax
revenue and was opposed to the idea of raising the benchmark projected
in the 2012 budget by AMD 101 billion. However, the committee has
successfully fulfilled the task.
He said that the implemented tax reforms had upgraded Armenia's ranks
in international ratings.
"I am convince that time will come when the committee officers will
no longer be considered as enemies," he said. "This hostile atmosphere
starts melting away, and this is very important."
In 2012, the government intended to intensify tax inflow by improving
tax administration and lessening shadow dealing, while now it plans to
enlarge tax revenue by using other instruments. About AMD 31 billion
of AMD 118.7 billion of extra tax revenue will come as a result of
legislative changes, and AMD 27.7 billion through administrative
mechanisms.
Besides, the enforcement of the effect from the new income tax law
enforced on January 1, 2013 and from the raised floor wage has been
taken into account in tax revenue calculations.
AMD 934.3 billion is projected given the previous year's result and
macroeconomic processes.
In the 2013 government budget, tax revenue is projected at 21.88%
of GDP against the 20.73% projected in the 2012 budget. ($1 - AMD
406.30). -0-
YEREVAN, January 18. /ARKA/. Armenian President Serzh Sargsyan
instructed Head of the State Revenue Committee Gagik Khachatryan
to ensure the tax revenue exceeding the amount planned in the 2013
government budget by AMD 15 billion.
In the 2013 budget, tax and state duty revenue is projected at AMD
993.08 billion (by AMD 118.7 billion more than in the 2012 budget).
"I hope the committee will cope with this task," he said. "I am
completely satisfied with the job done, and this should inspire
others."
Nevertheless, Sargsyan said, there are many problems in the system
and there is still plenty to do here.
The president said many were skeptical about the previous year's tax
revenue and was opposed to the idea of raising the benchmark projected
in the 2012 budget by AMD 101 billion. However, the committee has
successfully fulfilled the task.
He said that the implemented tax reforms had upgraded Armenia's ranks
in international ratings.
"I am convince that time will come when the committee officers will
no longer be considered as enemies," he said. "This hostile atmosphere
starts melting away, and this is very important."
In 2012, the government intended to intensify tax inflow by improving
tax administration and lessening shadow dealing, while now it plans to
enlarge tax revenue by using other instruments. About AMD 31 billion
of AMD 118.7 billion of extra tax revenue will come as a result of
legislative changes, and AMD 27.7 billion through administrative
mechanisms.
Besides, the enforcement of the effect from the new income tax law
enforced on January 1, 2013 and from the raised floor wage has been
taken into account in tax revenue calculations.
AMD 934.3 billion is projected given the previous year's result and
macroeconomic processes.
In the 2013 government budget, tax revenue is projected at 21.88%
of GDP against the 20.73% projected in the 2012 budget. ($1 - AMD
406.30). -0-