High-Level Summary Technical Assistance Reports

Republic of Armenia: Review of Tax Expenditures

Author/Editor:

Charles Vellutini ; Parvina S Rakhimova ; Marius van Oordt ; David Wentworth

Publication Date:

September 29, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Supporting the authorities’ objective to consolidate revenue, this technical assistance report assesses tax expenditures in Armenia. The report covers major tax expenditures related to the value-added tax, excise taxes, the profit tax, and the personal income tax. With total estimated tax expenditures in excess of 5.5 percent of GDP in 2021, streamlining preferential regimes, exemptions and incentives has strong potential for boosting revenue while improving the equity and efficiency of the tax system.

Series:

High Level Summary Technical Assistance Report No. 2023/013

Subject:

International organization Monetary policy

Frequency:

Regular