After the end of the tax year, the State Revenue Committee (SRC) of Armenia examines and analyzes every annual profit tax calculation and any declared data submitted by taxpayers, Armenian News-NEWS.am has learned from the SRC Information and Public Relations Department.

These studies show that the most encountered risks in the analysis of income tax calculations are related to the inflation of expenses and the incomplete declaration of income.

The SRC Department of Tax Information and Risk Analysis immediately notifies the business owners about the risks found as a result of daily monitoring. As a result, taxpayers submit justifications or corrected calculations, thus avoiding fines and penalties set by law.

In terms of the profit tax calculations submitted for 2021, a total of 2,237 taxpayers were notified solely as a result of cameral protocols. About 500 of them did not submit profit tax calculations. And as a result of the submitted specified calculations, 6.1 billion drams of profit tax was declared in about 800 cases, and the gross income increased by 11.9 billion drams.