Armenian President Demands Eliminating All Loop-Holes In Tax Legisla

ARMENIAN PRESIDENT DEMANDS ELIMINATING ALL LOOP-HOLES IN TAX LEGISLATION AND CREATING EQUAL CONDITIONS FOR ALL ECONOMIC ENTITIES

Noyan Tapan
Dec 08 2006

YEREVAN, DECEMBER 8, NOYAN TAPAN. The Armenian President Robert
Kocharian on December 8 conducted a working consultation on state
revenues collection problems. NT was informed from the RA President’s
press service that the prime minister, the minister of finance and
economy, the minister of trade and economic development, the chairman
of the Central Bank of Armenia, the heads of the State Tax Service and
the State Customs Committee participated in the consultation. Noting
that at the end of a year the work done is usually summarized and
the activities and programs to be done next year are outlined, R.
Kocharian said that their implementation greatly depends on the
work of tax and customs bodies. In his words, a serious increase in
revenues is envisaged in 2007, so one must be sure that the reforms
will continue and the planned work will be done efficiently and
fully. Although in the past one-two years, some work has been carried
out for improving the tax and customs administration, according to
the RA President, it is far from being satisfactory. Noting that
various tax revenues are not in line with the existing potential,
R. Kocharian demanded focusing on the elimination of all loop-holes
in the tax legislation and ensuring equal conditions for all economic
entities. He said that next year he will be more demanding and he
anticipates an improvement in the quality of work. According to him,
good work will allow to increase considerably the revenue collection,
which in its turn will help with implementation of more programs and
solutions of more problems.

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