From January 1, 2025, legislative changes related to turnover taxes will come into force.
The issue of sales taxes is a bit multi-layered. The government has a problem with tax collection at the moment. Over the last three quarters, 8 percent or more less tax was collected than planned.
This is the result of the wrong fiscal policy, said Aghasi Tavadyan, an expert of "Amberd" research center, in a conversation with Euromedia24.COM.
According to him, this is the first time in the last 20 years that taxes have been paid less than planned.
"The Armenian economy is currently in a bad state, as evidenced by several indicators.
One of them is the rather significant under-collection of taxes, the other is the reduction of exports: compared to the first months of 2023, exports to our main partners and EAEU countries were reduced by 17%, to the EU by 25%.
The number of registered organizations has also been reduced, as well as the IT sector, which is considered a strategic sector," Tavadyan said.
In this case, the additional increase of taxes, according to the economist, can bring the opposite result - reduction of taxes. In other words, when tax collection is 0%, 0% tax enters the budget, but the same can be obtained in the case of 100%, because people will not want to pay tax or start an activity.
"There will be inflation as a result of this. For example, if a store was operating at 5%, from January 1, it will operate at 10% and will have to raise prices," informed Tavadyan.
