The Costs of Tax Compliance in Armenia
The report represents the main results of IFC's 2010 survey of private sector companies and individual entrepreneurs in Armenia. Its findings evaluate the cost of compliance with tax legislation and supervisory bodies to fulfill tax liabilitie...
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| Format: | Report |
| Language: | English en_US |
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International Finance Corporation, Yerevan
2017
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| Online Access: | http://documents.worldbank.org/curated/en/198001493181859600/Report-the-costs-of-tax-compliance-in-Armenia http://hdl.handle.net/10986/26559 |
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okr-10986-265592021-04-23T14:04:36Z The Costs of Tax Compliance in Armenia World Bank Group INVESTMENT CLIMATE TAXATION BUSINESS ENVIRONMENT TAX COMPLIANCE VAT ACCOUNTING TAX AUDIT CORRUPTION TAX EVASION REGULATION RED TAPE UNDERREPORTING TAX ADMINISTRATION The report represents the main results of IFC's 2010 survey of private sector companies and individual entrepreneurs in Armenia. Its findings evaluate the cost of compliance with tax legislation and supervisory bodies to fulfill tax liabilities by legal entities (companies) and individual entrepreneurs in 2009. The survey report examines the cost of tax compliance in terms of time and money. The number of man hours spent working on tax compliance can also be expressed in terms of money, as the cost to businesses includes staff wages as well as any lost productivity. Thus, from the business' perspective, the time required to comply with tax regulation is an additional cost associated with paying taxes. The study shows that tax compliance in Armenia is a burden on private businesses, especially for small companies and individual entrepreneurs, which spend an additional 10 percent of income on tax administration. Despite the fact that most survey respondents reported that the quantity of taxes is the main concern for Armenian businesses (39), other characteristics of the tax system - such as tax inspections, corruption associated with paying taxes, tax accounting procedures, tax reports and frequency of filing - are also worrisome for a lot of taxpayers. Therefore, the survey focused on assessment costs of tax compliance and particularly on those that are the costliest and problematic for Armenian business, such as maintaining book of registration of revenues, tax inspections and book of shipment of inventory holdings. 2017-05-09T19:14:20Z 2017-05-09T19:14:20Z 2011 Report http://documents.worldbank.org/curated/en/198001493181859600/Report-the-costs-of-tax-compliance-in-Armenia http://hdl.handle.net/10986/26559 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Yerevan Economic & Sector Work :: Investment Climate Assessment Economic & Sector Work Europe and Central Asia Armenia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
INVESTMENT CLIMATE TAXATION BUSINESS ENVIRONMENT TAX COMPLIANCE VAT ACCOUNTING TAX AUDIT CORRUPTION TAX EVASION REGULATION RED TAPE UNDERREPORTING TAX ADMINISTRATION |
| spellingShingle |
INVESTMENT CLIMATE TAXATION BUSINESS ENVIRONMENT TAX COMPLIANCE VAT ACCOUNTING TAX AUDIT CORRUPTION TAX EVASION REGULATION RED TAPE UNDERREPORTING TAX ADMINISTRATION World Bank Group The Costs of Tax Compliance in Armenia |
| geographic_facet |
Europe and Central Asia Armenia |
| description |
The report represents the main results
of IFC's 2010 survey of private sector companies and
individual entrepreneurs in Armenia. Its findings evaluate
the cost of compliance with tax legislation and supervisory
bodies to fulfill tax liabilities by legal entities
(companies) and individual entrepreneurs in 2009. The survey
report examines the cost of tax compliance in terms of time
and money. The number of man hours spent working on tax
compliance can also be expressed in terms of money, as the
cost to businesses includes staff wages as well as any lost
productivity. Thus, from the business' perspective, the
time required to comply with tax regulation is an additional
cost associated with paying taxes. The study shows that tax
compliance in Armenia is a burden on private businesses,
especially for small companies and individual entrepreneurs,
which spend an additional 10 percent of income on tax
administration. Despite the fact that most survey
respondents reported that the quantity of taxes is the main
concern for Armenian businesses (39), other characteristics
of the tax system - such as tax inspections, corruption
associated with paying taxes, tax accounting procedures, tax
reports and frequency of filing - are also worrisome for a
lot of taxpayers. Therefore, the survey focused on
assessment costs of tax compliance and particularly on those
that are the costliest and problematic for Armenian
business, such as maintaining book of registration of
revenues, tax inspections and book of shipment of inventory holdings. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
The Costs of Tax Compliance in Armenia |
| title_short |
The Costs of Tax Compliance in Armenia |
| title_full |
The Costs of Tax Compliance in Armenia |
| title_fullStr |
The Costs of Tax Compliance in Armenia |
| title_full_unstemmed |
The Costs of Tax Compliance in Armenia |
| title_sort |
costs of tax compliance in armenia |
| publisher |
International Finance Corporation, Yerevan |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/198001493181859600/Report-the-costs-of-tax-compliance-in-Armenia http://hdl.handle.net/10986/26559 |
| _version_ |
1764462197300264960 |