All news tagged SHADOW

Economy

Armenian SRC uncovers 325 billion drams of shadow tax revenue in nine months

Eduard Hakobyan, the head of the State Revenue Committee (SRC), revealed that around 325 billion drams of concealed tax revenue were identified in Armenia during the first nine months of this year, marking a 97% increase compared to the same timeframe in 2024.

24.10.2025, 17:44

Economy

Size of Armenia's 'shadow' economy estimated to be equal to 20% of GDP - head of SRC

The size of Armenia's 'shadow' economy is estimated currently to be equal to 20% of the country's gross domestic product, the chairman of the State Revenue Committee (SRC) Eduard Hakobyan revealed today.

22.05.2025, 17:12

Business

A Shadow Turnover Of 4 Billion Drams Was Revealed In The Construction Materials Market In Armenia

The State Revenue Committee of Armenia has revealed a case of shadow turnover in the construction materials market worth about 4 billion drams, the press service of the department reports.

29.04.2025, 15:57

Economy

Shadow economy activity in Armenia estimated at about 240 bln drams – head of SRC

Armenia has a shadow economy with a turnover of about 240 billion drams, Head of the State Revenue Committee (SRC) Rustam Badasyan said on Tuesday.

31.10.2023, 14:51

Economy

Record number of registered jobs in Armenia - head of State Revenue Committee

A record high number of officially registered jobs have been recorded in Armenia this year, the Head of the State Revenue Committee Rustam Badasyan said in an interview with the Public TV.

30.12.2022, 14:56

Business

In 2020, Armenian SRC revealed 8.5 billion drams worth shadow transactions

As a result of 493 special measures carried out last year by Armenia's State Revenue Committee (SRC) to verify the real volumes of sales of goods and prices, a shadow turnover amounting to 8.5 billion drams was revealed, Vahan Charkhifalakyan, the head of SRC department in charge of operative search measures, said at a press conference on Friday.

29.01.2021, 16:18

Economy

Armenia's shadow economy halved, official says

The share of shadow economy in Armenian has slashed from 40% to about 20% now, Deputy Chairman of the State Revenue Committee Edward Hovhannisyan said at a press conference on Tuesday.

17.12.2019, 14:25

Economy

Armenia's shadow economy estimated at 22 percent

The share of Armenia's so-called shadow economy is estimated now at 22%, with small and medium-sized businesses accounting for the bulk of it, David Ananyan, the head of the State Revenue Committee, told reporters on Wednesday.

16.10.2019, 16:29

Economy

SRC head explains discrepancy in Pashinyan and official statistics

The head of Armenia’s State Revenue Committee (SRC) David Ananyan provided an explanation for a discrepancy in the figures about the share of the country’s shadow economy, voiced by Prime Minister Nikol Pashinyan and the National Statistical Committee.

29.03.2019, 16:46

Economy

Task force to assess share of shadow economy in Armenia

Armenia’s State Revenue Committee has set up a task force to assess the share of the so-called shadow economy in all economic sectors.

23.08.2018, 18:13

Economy

There is money in Armenia, Pashinyan says

There is money in Armenia, but it is not where it should be, Prime Minister Nikol Pashinyan said at a government meeting on Thursday in response to Finance Minister Atom Janjughazyan’s comment.

24.05.2018, 16:39

Economy

Thirty percent of Armenian economy is clandestine- economist says

About 30% of Armenia’ economy is still not taxed, Grant Mikaelyan, a researcher at the Caucasus Institute, told ARKA today at the presentation of his book called "The Shadow Economy in Armenia."

25.05.2017, 16:18

Business

Shadow economic activity among large Armenian taxpayers cut by 15 percent – SRC says

The so-called shadow economic activity among Armenia’s large taxpayers has been cut by more than 15% in the first quarter of the year, the head of the State Revenue Committee (SRC) Vardan Harutyunyan said today.

11.05.2017, 18:09

Economy

Creation of 100,000 jobs could half poverty level in Armenia

Creation of 100 thousand jobs can help halve the poverty in Armenia, Gagik Makaryan, the head of the National Union of Employers, told a news conference today. He said in order to reduce poverty the government should take drastic measures.

22.02.2017, 19:02

Economy

Government expects to recover 24 billion drams from shadow economy

The government of Armenia expects to raise additional 20-24 billion drams in 2017 through the stepped up fight against the shadow economy, finance minister Vardan Aramyan said today at a parliamentary debate on next year’s draft budget.

17.11.2016, 19:13

Economy

SRC chief vows to fight against shadow economy

The head of Armenia’s State Revenue Committee Vardan Harutyunyan told reporters on Monday that he was determined to fight the "shadow" economy and the oligarchs.

07.11.2016, 19:01

Economy

Expert: new income tax model to lessen shady dealing in Armenia at ordinary people’s expense

Vazgen Safaryan, head of the Union of Domestic Commodity Producers, thinks that the new income tax model to be introduced in Armenia in the beginning of the next year will lessen shadow economy, mainly at the expense of ordinary people.

19.09.2012, 20:34

#SHADOW

Armenian SRC uncovers 325 billion drams of shadow tax revenue in nine months

Size of Armenia's 'shadow' economy estimated to be equal to 20% of GDP - head of SRC

A Shadow Turnover Of 4 Billion Drams Was Revealed In The Construction Materials Market In Armenia

Shadow economy activity in Armenia estimated at about 240 bln drams – head of SRC

Record number of registered jobs in Armenia - head of State Revenue Committee

In 2020, Armenian SRC revealed 8.5 billion drams worth shadow transactions

Armenia's shadow economy halved, official says

Armenia's shadow economy estimated at 22 percent

SRC head explains discrepancy in Pashinyan and official statistics

Task force to assess share of shadow economy in Armenia

There is money in Armenia, Pashinyan says

Thirty percent of Armenian economy is clandestine- economist says

Shadow economic activity among large Armenian taxpayers cut by 15 percent – SRC says

Creation of 100,000 jobs could half poverty level in Armenia

Government expects to recover 24 billion drams from shadow economy

SRC chief vows to fight against shadow economy

Expert: new income tax model to lessen shady dealing in Armenia at ordinary people’s expense

Popular

Mon	Tue	Wed	Thu	Fri	Sat	Sun
29	30	31	1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30	31	1