$43 million recovered in unpaid taxes in two months, says Armenia PM

$43 million recovered in unpaid taxes in two months, says Armenia PM

PanARMENIAN.Net - AMD 20.6 billion or $43 million have been recovered in two months as a result of criminal cases launched by various law enforcement agencies to tackle non-performance of tax liabilities, Prime Minister Nikol Pashinyan said at a government meeting on Tuesday, July 10.

According to him, only AMD 800 million or $1.65 million have been returned to the budget so far.

Pashinyan proposed that the head of the State Revenue Committee Davit Ananyan explain why the entire sum has not been restored.

Ananyan said that the aforementioned amount was recovered as a result of changes in the behavior of 73 businesses.

“AMD 800 million have been returned to the budget, AMD 12.7 billion await to be collected to the budget, while the remaining AMD 7 billion are subject to change,” Ananyan said, explaining that recovering money does not mean returning them to the state budget.

 Top stories
Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.
Wizz Air Abu Dhabi will be regularly flying from the Armenian capital of Yerevan to Abu Dhabi, UAE.
The ruble was trading at a low of 74.9 to $1 on March 9 morning, after another wild start to the week for financial markets.
Pashinyan said that raising the efficiency of the fight against corruption will be one of the most important challenges.
Partner news