Government’s plans to increase tax collection in 2012 by 101 billion drams not to become burden for businesses
12.10.2011,
00:27
The government’s plans to increase tax collection in 2012 by 101 billion drams will not become so heavy burden for businesses, given that a set of conditions is met, Arsen Ghazaryan, chairman of the Union of Manufacturers and Businessmen (Employers) of Ar
YEREVAN, October 11. /ARKA/. The government’s plans to increase tax collection in 2012 by 101 billion drams will not become so heavy burden for businesses, given that a set of conditions is met, Arsen Ghazaryan, chairman of the Union of Manufacturers and Businessmen (Employers) of Armenia, said Monday at a news conference.
The 2012 draft budget calls for increase of tax revenues by 101 billion drams.
“We don’t find AMD 101 billion too heavy burden, if taxation is apportioned among areas evenly, if shadow dealing is lessened and if the number of entrepreneurs enjoying tax preferences contracts,” Ghazaryan said.
He finds it very important to carry out transition to tough tax administration measures gradually to give time to the market, including taxpayers, for adapting to them.
Ghazaryan also warned the State Revenue Committee officers against harming small and mid-scale businesses while working in the new tax collection regime.
Asked how much enterprises and businessmen are involved in shadow dealing, he said that shadow economy is quite large in some sectors, but refrained from indicating them.
Ghazaryan said that those players dominating the market are in advantageous competitive positions here in a clear breach of the rules of equal competition.
“I can’t say their number is large, but I agree that there is still plenty to do and that it is necessary to root out oligopolies,” he said.
The union chairman said that in recent three years the State Revenue Committee has managed to enlarge tax collection a great deal, and new economic entities have appeared in the list of the largest taxpayers.
“Profit tax inflow is increasingly intensifying,” he said.
Ghazaryan said that it is a serious task to enlarge tax collection to AMD 101 billion, but business community and the government should reach this goal by joint efforts.
“The country should improve the ratio of taxes to GDP to show the international community that supports us what results our reforms produce to give it grounds for further support,” he said.
According to ARKA News Agency’s data based on the official statistical report stating that GDP totaled AMD 1.4 trillion in Jan-June 2011 and the government budget tax revenue amounted to AMD 305 billion, taxes made up 21.1% of GDP at the mentioned period of time.
On September 29, the government approved the 2012 draft budget, in which revenue is projected at AMD 910 billion, spending at AMD 1042.5 billion and deficit at 132.5 billion.
In the 2012 draft budget, revenue is planned to be enlarged by 6.8% from the AMD 852.4 billion projected for 2011. Budget spending was enlarged by AMD 41.5 billion, compared with the 2011 government budget. ($1 = AMD 375.1). -0-
The 2012 draft budget calls for increase of tax revenues by 101 billion drams.
“We don’t find AMD 101 billion too heavy burden, if taxation is apportioned among areas evenly, if shadow dealing is lessened and if the number of entrepreneurs enjoying tax preferences contracts,” Ghazaryan said.
He finds it very important to carry out transition to tough tax administration measures gradually to give time to the market, including taxpayers, for adapting to them.
Ghazaryan also warned the State Revenue Committee officers against harming small and mid-scale businesses while working in the new tax collection regime.
Asked how much enterprises and businessmen are involved in shadow dealing, he said that shadow economy is quite large in some sectors, but refrained from indicating them.
Ghazaryan said that those players dominating the market are in advantageous competitive positions here in a clear breach of the rules of equal competition.
“I can’t say their number is large, but I agree that there is still plenty to do and that it is necessary to root out oligopolies,” he said.
The union chairman said that in recent three years the State Revenue Committee has managed to enlarge tax collection a great deal, and new economic entities have appeared in the list of the largest taxpayers.
“Profit tax inflow is increasingly intensifying,” he said.
Ghazaryan said that it is a serious task to enlarge tax collection to AMD 101 billion, but business community and the government should reach this goal by joint efforts.
“The country should improve the ratio of taxes to GDP to show the international community that supports us what results our reforms produce to give it grounds for further support,” he said.
According to ARKA News Agency’s data based on the official statistical report stating that GDP totaled AMD 1.4 trillion in Jan-June 2011 and the government budget tax revenue amounted to AMD 305 billion, taxes made up 21.1% of GDP at the mentioned period of time.
On September 29, the government approved the 2012 draft budget, in which revenue is projected at AMD 910 billion, spending at AMD 1042.5 billion and deficit at 132.5 billion.
In the 2012 draft budget, revenue is planned to be enlarged by 6.8% from the AMD 852.4 billion projected for 2011. Budget spending was enlarged by AMD 41.5 billion, compared with the 2011 government budget. ($1 = AMD 375.1). -0-
