ThursdayAugust 21
  • USD 407.74
  • EUR 541.52
  • RUB 11.23

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

00:53, 22.07.2012 Region: Armenia Theme: Economics

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).

Armenia News - NEWS.am

More in topic

Dollar continues to decline in Armenia

The stock exchange trading session closed at AMD 407.25/$1…

Dollar slightly down in Armenia

The stock exchange trading session closed at AMD 407.35/$1…

European Commission to invest €300 billion

To revive the European economy…

Dollar climbs in Armenia

But the euro lost ground in the country…

Armenia and Russia PMs confer on integration processes

“Our countries are very close allies”…

Ambassador: Carrefour to open doors to Armenian consumers this fall

Armenian-French business club held a meeting of the Board of Trustees...