285 enterprises to publish their financial reports this
year
08-04-2010 15:24:00 | Armenia | Economy
YEREVAN, APRIL 8, NOYAN TAPAN. The RA Ministry of Finance
published a list of 285 enterprises which have to publish their
financial reports (with an external auditor's conclusion) this
year.
Prime Minister Tigran Sargsyan said during the April 8
sitting of the government that these 285 enterprises are the
ones with a turnover of over a billion drams in 2008. In his
words, the list will be specified and it is likely that after
the reports are summarized, some enterprises will be removed
from the list and others will be included in it.
"We are criticized that we cannot ensure proper control
at big enterprises, and I agree with that. If a big enterprise
has an opportunity to avoid tax liabiliies, it is a great evil
for any state," the prime minister said, adding that "this
undermines the foundations of a state".
He said that the Ministry of Finance must publish the
results of its analysis within a year, in particular the indices
of big tax payers in 2008 and 2009. According to T. Sargsyan,
there is concern that last year the main tax burden was on small
and medium business, which prevented SME from developing. "Thus
the publication of reports will allow the public to control us,
because one can make an independent analysis based on these
financial reports and see which big enterprises fulfill their
obligations to the state," the prime minister said.