ARMENIAN AUTHORITIES INTEND TO COLLECT MORE TAXES FROM BIG BUSINESSES: PRIME MINISTER
/ARKA/
October 6, 2011
YEREVAN
YEREVAN, October 6. /ARKA/. The Armenian authorities intend to collect
more taxes from big businesses and have no plans to increase the tax
burden on small and medium business, prime minister Tigran Sarkisian
said speaking at a Wednesday Q&A parliament session.
“It will depend on how we implement tax administration,” he said to
journalists after the session.
Sarkisian said that the government has never concealed that there is
a problem with the shadow economy, and that there is a need to reduce
its share.
“It will be a serious challenge for us in 2012. Through consistent
work we must ensure serious progress in this area. If we say that the
shadow economy in Armenia is high, it means that we need to reduce it,
but not to hit the legal business,” he stressed.
The premier noted that international experience shows that ensuring
a fair and equitable tax administration creates favorable conditions
for business because it provides a fair competition.
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