Armenia still has a lot to do to improve its tax legislation for entrepreneurs, head of World Bank Yerevan office

Armenia still has a lot to do to improve its tax legislation for entrepreneurs, head of World Bank Yerevan office

YEREVAN, May 7. / ARKA /. Armenia still has a lot to do to improve its tax legislation for entrepreneurs, head of World Bank Yerevan Office, Jean-Michel Happi, said today at a public presentation of the results of the Taxpayers’ Perception Survey 2013 that was conducted by the Caucasus Research Resource Center (CRRC) Armenia between September and December 2013.

The survey targeted 1,448 households, 400 taxpayer organizations and individual entrepreneurs in all regions of Armenia. The goal was to create a baseline assessment of public awareness of the tax system in Armenia, tax compliance, communication between the tax authorities and taxpayers, and the efficiency of the tax policy and services provided to citizens. 

Mr. Happi said Armenia’s government has implemented already a series of fundamental reforms in the tax system, establishing a risk-based system of checks, ‘but much remains to be done to improve the tax field for businesses.’

Mr. Happi welcomed the understanding of officials responsible for the reform and their readiness to continue them, including development of a new tax code. He said the World Bank favors an approach that makes the tax system clear and simple.

He also noted that the World Bank is ready to take part in the development of new legislative changes for the tax system.

Finance minister Gagik Khachatryan said a working group was set up to develop a new tax code. It will include all stakeholders, including representatives of international organizations.-0-

17:32 07.05.2014

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