Guillermo Tolosa, IMF Resident Representative in Armenia, is critical of the Armenian Government’s tax policy. He considers the VAT rates – the Government’s debt to exporters – to be curious. At a news conference ion Yerevan on September 29, Tolosa pointed out that the IMF office is discussing the problem with the Government to find out why the debt is so huge. The Government discourages export instead of promoting it, the IMF official says. He also pointed out that in its letter to the IMF the RA Government pledged to resolve the problem.

Guillermo Tolosa welcomed the Armenian Government’s latest steps in tax administration. A commission to consider complaints will be formed at the RA Ministry of Finance, and the ministry will be entitled to respond to questions concerning taxation.