Armenia’s tax revenue rises 14.5% to AMD 2.57 trillion in January–October
Armenia collected AMD 2.57 trillion (about $7.12 billion) in tax revenue in January–October 2026, up AMD 326 billion, or 14.5%, from the same period last year.
Eduard Hakobyan, Chairman of the State Revenue Committee (SRC), the country’s tax and customs authority, announced this at a joint session of the National Assembly’s standing committees discussing the draft law on Armenia’s 2027 state budget.
Tax revenue is expected to reach about AMD 3.09 trillion by the end of the year, and the tax-to-GDP ratio 24.8%, up 0.8 percentage points from last year.
Hakobyan said growth was driven by positive developments in construction, mining and financial services, legislative changes, and improved tax administration and taxpayer compliance.
He also highlighted the expansion of remote administration. In the first nine months of 2026, analytical tools helped assess AMD 91.4 billion in additional tax liabilities, 54.5% more than a year earlier.
According to an independent survey presented by Hakobyan, about 60% of taxpayers polled rated positively the change in the SRC’s attitude over the past year. The share of respondents who believe the SRC treats all taxpayers equally rose 18 percentage points in a year, from 45% to 63%.
SRC budget. The draft budget allocates AMD 37.8 billion to the SRC’s operations in 2027, about AMD 1 billion more than in 2026. Refunds of interest paid on mortgage loans are set at AMD 122.6 billion, about AMD 20.5 billion more than in 2026.
The funds will go to developing and maintaining digital systems, expanding performance-based pay for staff and modernising customs infrastructure. Work will continue on upgrading the Meghri crossing on the border with Iran, building customs and logistics centres in Syunik Province and Yerevan, and re-equipping border crossings.
2027 reforms. Hakobyan outlined three main reform areas for next year: developing taxpayer services, making tax and customs administration more efficient, and the SRC’s institutional development.
As part of digitalisation, the SRC plans to launch a single service platform for individuals, an AI-assisted chatbot and voice assistant, and to expand the use of online cash registers. In customs, an electronic truck queue management system and a new digital service platform will be introduced.
To improve administration, the SRC will develop its taxpayer rating system, AI-based analytical tools, and product traceability and digital marking mechanisms, and expand the capacity of its digital intelligence laboratory.
Seven new performance indicators have been set to assess the SRC’s work, covering tax compliance, the use of analytical tools and customs services, Hakobyan noted.
From 2027, institutional development will include awareness campaigns to promote a culture of paying taxes, modernisation of the SRC Training Centre state non-commercial organisation and an improved staff performance appraisal system.
The reforms aim to make tax and customs administration more efficient, expand digital services and strengthen mutual trust between taxpayers and the SRC.
Photo: National Assembly of Armenia
