Armenia's Tax and Duty Revenue Surges by 15% in 2023
From January to October 2023, Armenia's State Revenue Committee reported tax and duty collections of approximately 1.8 trillion drams (around $4.45 billion). This amount reflects a 15% increase, or 234 billion drams, compared to the same period last year.
Additionally, during this timeframe, taxpayers received refunds totaling about 305 billion drams, which is an increase of 92.6 billion drams (43.6%) from the previous year.
The significant rise in revenue and refunds highlights the ongoing improvements in Armenia's tax collection system and its impact on the economy.
Additionally, during this timeframe, taxpayers received refunds totaling about 305 billion drams, which is an increase of 92.6 billion drams (43.6%) from the previous year.
The significant rise in revenue and refunds highlights the ongoing improvements in Armenia's tax collection system and its impact on the economy.