YEREVAN. - Over the course of the next four years, Armenia will match and outdo Georgia and the other neighboring countries in the quality of tax administration, State Revenue Committee (SRC) Deputy Chairman Armen Alaverdyan stated during Monday’s discussions at the National Assembly (NA).

To note, on behalf of the Government, Alaverdyan represents at NA the Tax Administration Modernization Project (TAMP) loan agreement, which is signed with the International Development Association (IDA). The $12 million loan will be allocated to apply information technology in Armenia’s tax system.       

Armen Alaverdyan noted that if TAMP is implemented in Armenia, the country’s tax administration will surpass, in at least four years, the similar systems that are used in the neighboring countries. He informed that Armenia already possesses an advanced information module, which has received the highest international praise, and the system will become completely electronic in four years.

“The challenges are the same in all countries: collection of data and minimal impact on business activity,” the SRC Deputy Chairman said.