Head of State Revenue Committee named the sectors of Armenian economy with the most cases of shadow turnover

YEREVAN, June 16. /ARKA/. Cases of shadow turnover in Armenia are recorded mainly in the trade and construction sectors, said the head of the State Revenue Committee of the Republic of Armenia Eduard Hakobyan.

“These two sectors are at risk, but this does not mean that we are losing our vigilance in relation to other sectors,” Hakobyan noted at a meeting of the parliamentary commission on economic issues on Monday.

According to him, in the process of targeting this sector, the State Revenue Committee is trying to formulate standards in such a way as to place a certain emphasis on all sectors. "All this is done to prevent inaccuracies in the work of taxpayers," Hakobyan said.

Earlier, Hakobyan estimated the level of "shadow" in the domestic economy at 20%. According to him, the State Revenue Committee and the Ministry of Finance of Armenia estimate the indicator of "shadow" income at 200-300 billion drams, and several years ago these figures were 2-3 times higher.

According to the State Revenue Committee, "shadow" turnover of 84 billion drams was revealed in Armenia in January-April 2025, an increase of 146% compared to the same period in 2024. At the same time, tax revenues for January-April increased by 14.5% or 120 billion drams compared to the same period last year. ($1 - 383.23 drams).