ArmInfo. Key performance indicators have improved in furniture manufacturing as a result of the tax discipline enhancement program, according to the press service of the State Revenue Committee of the Republic of Armenia.
The statement emphasizes that the Committee is implementing tax discipline enhancement programs for taxpayers operating in various sectors of the economy. These programs are aimed not only at ensuring proper fulfillment of tax obligations but also at the early identification and prevention of tax risks, as well as the application of risk-based management to taxpayers. As a result of measures implemented as part of the tax discipline enhancement program for taxpayers operating in the furniture manufacturing sector, positive dynamics were recorded for key performance indicators in the first half of 2026, and the growth rates of several indicators accelerated compared to the previous period. Thus, the turnover of taxpayers engaged in furniture trade and production increased by only 3.1% in the first half of 2025 compared to the same period in 2024, while in 2025-2026, the growth reached 26.7%. Thus, the turnover increased by approximately 23.6 percentage points. It should be noted that the 26.7% growth recorded in 2026 exceeded both the 19% growth in the total volume of transactions in the Republic of Armenia and the 7.9% economic growth rate in the first half of 2026. Positive changes were also recorded in the area of document flow: the relative growth in the number of settlement documents reached 12.3% in the same periods of 2025-2026, compared to 9.6% in the first half of 2024-2025. At the same time, the growth rate of cash receipts during the reporting period increased from approximately 7% to 12%, which may indicate improved discipline in documenting retail transactions. Positive changes were also observed in employment and wage indicators. The average number of employees increased from 5.9% in the first half of 2024-2025 to 6.6% for the same periods in 2025-2026, while the average monthly salary per employee increased from 7.8% to 8.6%. These comparative trends indicate the positive impact of the program aimed at increasing tax discipline in the sector, particularly in terms of declaring turnover and documenting retail transactions.
