Armenia's shadow economy halved, official says
17.12.2019,
14:25
The share of shadow economy in Armenian has slashed from 40% to about 20% now, Deputy Chairman of the State Revenue Committee Edward Hovhannisyan said at a press conference on Tuesday.
YEREVAN, December 17. /ARKA/. The share of shadow economy in Armenian has slashed from 40% to about 20% now, Deputy Chairman of the State Revenue Committee Edward Hovhannisyan said at a press conference on Tuesday. He added, however, that these numbers are not official, representing his own assessment only.
He said some 409 criminal cases have been launched this year involving economic crimes, the vast majority of which are tax evasion and smuggling cases and 36 cases of intentional bankruptcy and 21 cases on illegal business activity have initiated.
He said the total damage caused by economic crimes in 2018 amounted to 20.2 billion drams. In 2019 the damage has risen to 20.8 billion drams.
He said also in the first 11 months of 2019, some 27,165 administrative proceedings have been initiated to have imposed 452 million drams worth fines. Of that amount 370 million drams have been restored, he said. He also said that 26,108 decisions have been made to collect unpaid taxes in the amount of 55.5 billion drams. So far 37 billion drams have been restored.
Regarding the fight against the shadow, Hovhannisyan noted that the damage in the amount of 214 million drams was revealed, which was almost completely recovered. ($1- 477.43 drams) -0-
He said some 409 criminal cases have been launched this year involving economic crimes, the vast majority of which are tax evasion and smuggling cases and 36 cases of intentional bankruptcy and 21 cases on illegal business activity have initiated.
He said the total damage caused by economic crimes in 2018 amounted to 20.2 billion drams. In 2019 the damage has risen to 20.8 billion drams.
He said also in the first 11 months of 2019, some 27,165 administrative proceedings have been initiated to have imposed 452 million drams worth fines. Of that amount 370 million drams have been restored, he said. He also said that 26,108 decisions have been made to collect unpaid taxes in the amount of 55.5 billion drams. So far 37 billion drams have been restored.
Regarding the fight against the shadow, Hovhannisyan noted that the damage in the amount of 214 million drams was revealed, which was almost completely recovered. ($1- 477.43 drams) -0-
