Ratio of taxes to GDP to reach 25% by 2025 – Armenian State Revenue Committee

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YEREVAN, November 4. /ARKA/. The Armenian government plans to implement a medium-term plan to achieve a 25% ratio of taxes to GDP by 2025, Rustam Badasyan, head of the State Revenue Committee (SRC), told the parliament today./pp

In 2023, the tax-to-GDP ratio, which stood at 24.1%, was improved by 1 percentage point compared to the previous year, he said, recalling that in 2020 this figure stood at 22.6%./pp

According to him, the positive dynamics was recorded as a result of economic factors and improved tax administration.-0-/p