Economy of Armenia - Government Revenue and Taxation

Government Revenue and Taxation

The Armenian government collected 383.5 billion drams ($1.26 billion) in various taxes in the first nine months of 2008 (a 33.2 percent increase from the same period last year).

Many large companies have a privileged status when it comes to taxation. Big business is not taxed in proportion to its capacity and output, and the disproportionate burden falls on small and medium size businesses.

Read more about this topic:  Economy Of Armenia

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