EXCISE TAX REVENUES OF RA STATE BUDGET DECLINE BY 6% IN FIRST QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR
Noyan Tapan
May 08 2007
YEREVAN, MAY 8, NOYAN TAPAN. In January-March 2007, excise tax revenues
of the RA state budget amounted to 8.5 bln drams (over 23.6 mln USD),
which accounted for 9.4% of tax revenues. According to data of the RA
Ministry of Finance and Economy, more than 5.9 bln drams was received
from taxation of imported goods liable to excise tax, including
2.7 ln drams – from taxation of imported gasoline and diesel fuel,
and 2.5 bln drams – from taxation of imported cigarettes. Excise tax
revenues of the RA state budget from taxation of excise tax-liable
goods of domestic prouction made 2.6 bln drams, including 1.1 bln
drams – from sale of cigarettes. The amount of excise tax declined
by 6% or 546.2 mln drams on the same period of last year, which is
mainly conditioned by a decline in revenues from sale of alcoholic
drinks of domestic production, as well as by a decline in imports
and production of cigarettes.
In the first quarter of 2007, profit tax revenues of the RA state
budget made 15.5 bln drams or 17.2% of tax revenues. In 2007, the
tendency to high growth of profit tax continued: its amount increased
by 34.4% or about 4 bln drams on the same period of last year. The
growth is mainly due to an increase in payments made by non-state
enterprises, including those with foreign investments, as well as by
a growth in profit tax paid based on the minimum – 1% rate.
Income taxes of over 8.4 ln drams were transferred to the RA state
budget in the first three months of this year, which ensured 9.4%
of tax revenues.
Most of the income taxes was collected at the expense of revenues
from execution of labor and civil contracts, which made over 7.9
bln drams. Income taxes grew by 11.3% or 857.8 mln drams on the same
period of 2006. Revenues received from execution of labor and civil
contracts were the main source of the indicated growth.