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Armenia’s State Revenue Committee collects less tax than in May

Armenia’s State Revenue Committee collects less tax than in MayJuly 22, 2012 | 00:53

YEREVAN. - Armenia’s State Revenue Committee (SRC) has provided taxes, duties and fees to the state budget totaling AMD 72.3 billion, the SRC Press Service informs.

Over the first six months, SRC has provided AMD 395.3 billion which is 5.4% more than the last year’s indicator of same period.

However, taxes collected by SRC in June have significantly decreased compared with May which made AMD74.1 billion.

Moreover, monthly collections on taxes have dropped while ones on state duties and fees have not had any essential changes.

Decrease of tax collections has been mostly conditioned with the underperformance of value added tax (VAT).


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