YEREVAN. - Armenia`s tax system is fairer now, but it cannot not be qualified as favorable, IMF Resident Representative in Armenia Guillermo Tolosa told journalists Friday.

One of the achievements is the formation of the appeal commission at the Ministry of Finance.

One more step is the opening of taxpayer service centers. Taxpayers do not any more have to present so many tax statements to the relevant bodies.

On the other hand, Tolosa does not welcome Armenian President Serzh Sargsyan`s proposal to exempt innovation companies from taxation for several years. It is one more risk factor for tax collection, the IMF official said.

Armenia has a very low tax-GDP ratio and ranks the bottom of post-Soviet countries` list.