Armenia Tax Administration Modernization Project

Abstract*

The development objective of the Tax Administration Modernization Project for Armenia is to modernize Armenia's tax administration in order to (i) increase voluntary tax compliance, (ii) reduce tax evasion, (iii) reduce compliance costs; and (iv) increase administrative efficiency. There are four components to the project. The first component is institutional development. Institutional development will strengthen Ministry of Finance (MOF) capacity... Show More

Development Objective

The Project development objective (PDO) is to modernize Armenia’s tax administration to (i) increase voluntary tax compliance, (ii)reduce tax evasion, (iii) reduce compliance costs; and (iv) increase administrative efficiency. This objective will be achieved by: • introducing modern, integrated information technology to support SRC operations; • improving data exchange between the SRC and other agencies to enhance better risk management and targeting of compliance activities (“third party information”); • reengineeringand automation of business processes to improve efficiency and effectiveness; and • expanding eGovernment, including e-filing and e-payments to lower the compliance burden for the private sector.

Key Details

Project Details

Project ID
P111942
Status
Closed
Team Leader
K. Migara O. De Silva , Davit Melikyan
Borrower 2
Government of Armenia

Country
Armenia
Disclosure Date
March 1, 2011
Approval Date
(as of board presentation)
July 3, 2012
Effective Date
December 28, 2012

Total Project Cost 1
US$ 15.10 million
Implementing Agency
State Revenue Commitee
Region
Europe and Central Asia
Fiscal Year 3
2013

Commitment Amount
US$ 12.00 million
Environmental Category
C
Last Update Date
October 3, 2023
Closing Date
January 31, 2019

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy35%
- FY17 - Tax policy35%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration31%
- FY17 - E-Government, incl. e-services31%
FY17 - Public Finance Management35%
- FY17 - Domestic Revenue Administration35%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	12.00
Borrower/Recipient	3.10

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	12.00
IBRD + IDA Commitment	12.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	15.10

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 15, 2014	IDA-51140	Int Charges	1,789.79
Jul 15, 2014	IDA-51140	Int Charges	1,789.79
Jul 15, 2014	IDA-51140	Int Charges	2,974.52
Dec 29, 2014	IDA-51140	Loan Disb	1,075,119.60
Jan 15, 2015	IDA-51140	Int Charges	7.78
Jan 15, 2015	IDA-51140	Int Charges	4,178.28
Jan 15, 2015	IDA-51140	Int Charges	4,178.28
Oct 14, 2014	IDA-51140	Loan Disb	645,071.80
Dec 11, 2014	IDA-51140	Loan Disb	1,290,143.60
Jul 15, 2019	IDA-51140	Loan Repay	178,216.05
Dec 5, 2018	IDA-51140	Loan Disb	558,561.40
Jan 15, 2018	IDA-51140	Int Charges	3,715.61
Jan 15, 2018	IDA-51140	Loan Repay	184,420.67
Jan 15, 2018	IDA-51140	Int Charges	28,367.77
Jan 15, 2018	IDA-51140	Int Charges	28,367.77
Jan 15, 2018	IDA-51140	Int Charges	106,998.45
Sep 14, 2018	IDA-51140	Loan Disb	512,555.53
Jul 15, 2018	IDA-51140	Loan Repay	180,436.11
Jul 15, 2018	IDA-51140	Int Charges	32,396.34
Jul 15, 2018	IDA-51140	Int Charges	32,396.34
Jul 15, 2018	IDA-51140	Int Charges	127,425.57
Jul 13, 2018	IDA-51140	Loan Disb	583,567.00
Jul 15, 2018	IDA-51140	Int Charges	4,482.46
Jan 15, 2019	IDA-51140	Int Charges	36,232.69
Jan 15, 2019	IDA-51140	Int Charges	36,232.69
Jan 15, 2019	IDA-51140	Int Charges	136,719.30
Jan 15, 2019	IDA-51140	Loan Repay	6,327.58
Jan 15, 2019	IDA-51140	Loan Repay	173,250.10
Jul 15, 2017	IDA-51140	Int Charges	24,429.53
Jul 15, 2017	IDA-51140	Int Charges	37,110.39
Oct 23, 2017	IDA-51140	Loan Disb	582,462.56
Apr 27, 2018	IDA-51140	Loan Disb	360,491.56
Jan 16, 2018	IDA-51140	Loan Disb	621,485.70
Oct 10, 2017	IDA-51140	Loan Disb	242,729.78
Nov 6, 2017	IDA-51140	Loan Disb	368,561.03
Mar 16, 2017	IDA-51140	Loan Disb	77,151.18
Jul 15, 2017	IDA-51140	Loan Repay	566.30
Jul 15, 2017	IDA-51140	Loan Repay	178,387.19
Jul 15, 2017	IDA-51140	Int Charges	24,429.53
Aug 25, 2016	IDA-51140	Loan Disb	240,118.53
Jan 15, 2017	IDA-51140	Int Charges	762.47
Jan 15, 2017	IDA-51140	Int Charges	762.47
Jan 15, 2017	IDA-51140	Int Charges	38,882.66
Jan 15, 2017	IDA-51140	Int Charges	22,567.15
Jan 15, 2017	IDA-51140	Int Charges	22,567.15
Jul 12, 2017	IDA-51140	Loan Disb	457,276.00
Jul 15, 2016	IDA-51140	Int Charges	23,006.08
Jul 15, 2016	IDA-51140	Int Charges	23,006.08
Jul 15, 2016	IDA-51140	Int Charges	38,343.46
Jul 15, 2016	IDA-51140	Int Charges	986.24
Jan 15, 2016	IDA-51140	Int Charges	31,610.74
Oct 2, 2015	IDA-51140	Loan Disb	860,095.75
Dec 2, 2015	IDA-51140	Loan Disb	415,106.88
Mar 15, 2016	IDA-51140	Loan Disb	292,123.75
Jan 29, 2015	IDA-51140	Loan Disb	274,462.62
Jul 15, 2014	IDA-51140	Int Charges	9.66
Jan 15, 2015	IDA-51140	Int Charges	3,845.66
Jun 16, 2015	IDA-51140	Loan Disb	680,307.60
Jun 9, 2015	IDA-51140	Loan Disb	393,787.72
Jul 15, 2015	IDA-51140	Int Charges	3,052.77
Jul 15, 2015	IDA-51140	Int Charges	14,151.22
Jul 15, 2015	IDA-51140	Int Charges	14,151.22
Jul 15, 2015	IDA-51140	Int Charges	22,223.56
Jan 15, 2016	IDA-51140	Int Charges	1,348.08
Jan 15, 2016	IDA-51140	Int Charges	19,553.77
Jan 15, 2016	IDA-51140	Int Charges	19,553.77
Feb 3, 2014	IDA-51140	Loan Disb	300,000.00
Jan 15, 2014	IDA-51140	Int Charges	89.01
Jan 15, 2014	IDA-51140	Int Charges	89.01
Jan 15, 2014	IDA-51140	Int Charges	148.36
Jan 15, 2014	IDA-51140	Int Charges	762.91
Jan 15, 2014	IDA-51140	Int Charges	762.91
Jan 15, 2014	IDA-51140	Int Charges	1,261.97
Jan 15, 2024	IDA-51140	Loan Repay	4,115.21
Jan 15, 2024	IDA-51140	Int Charges	30,258.73
Jan 15, 2024	IDA-51140	Int Charges	30,258.73
Jan 15, 2024	IDA-51140	Int Charges	2,884.64
Jan 15, 2024	IDA-51140	Loan Repay	165,379.94
Jan 15, 2024	IDA-51140	Int Charges	116,682.39
Jul 15, 2024	IDA-51140	Loan Repay	2,819.76
Jul 15, 2024	IDA-51140	Int Charges	2,319.93
Jul 15, 2024	IDA-51140	Loan Repay	165,560.27
Jul 15, 2024	IDA-51140	Int Charges	29,428.22
Jul 15, 2024	IDA-51140	Int Charges	29,428.22
Jul 15, 2024	IDA-51140	Int Charges	114,813.38
Jul 3, 2012	IDA-51140	Loan Commitment	12,000,000.00
Jan 15, 2023	IDA-51140	Int Charges	117,272.86
Jul 15, 2023	IDA-51140	Int Charges	120,272.23
Jul 15, 2023	IDA-51140	Int Charges	7,927.92
Jul 15, 2023	IDA-51140	Loan Repay	171,837.05
Jul 15, 2023	IDA-51140	Int Charges	31,321.20
Jul 15, 2023	IDA-51140	Int Charges	31,321.20
Jan 15, 2023	IDA-51140	Loan Repay	4,108.92
Jan 15, 2023	IDA-51140	Loan Repay	166,954.27
Jan 15, 2023	IDA-51140	Int Charges	31,821.64
Jan 15, 2023	IDA-51140	Int Charges	31,821.64
Jul 15, 2022	IDA-51140	Int Charges	52,536.30
Jul 15, 2022	IDA-51140	Loan Repay	0.01
Jul 15, 2022	IDA-51140	Int Charges	-0.01
Jul 15, 2022	IDA-51140	Int Charges	-0.01
Jul 15, 2022	IDA-51140	Int Charges	531.24
Jul 15, 2022	IDA-51140	Loan Repay	166,102.81
Jul 15, 2022	IDA-51140	Int Charges	31,521.80
Jul 15, 2022	IDA-51140	Int Charges	31,521.80
Jan 15, 2022	IDA-51140	Loan Repay	2,774.10
Jan 15, 2022	IDA-51140	Loan Repay	175,836.16
Jan 15, 2022	IDA-51140	Int Charges	34,565.16
Jan 15, 2022	IDA-51140	Int Charges	34,565.16
Jan 15, 2022	IDA-51140	Int Charges	57,037.32
Jul 15, 2021	IDA-51140	Int Charges	4,082.65
Jul 15, 2021	IDA-51140	Loan Repay	180,726.31
Jul 15, 2021	IDA-51140	Int Charges	35,652.39
Jul 15, 2021	IDA-51140	Int Charges	35,652.39
Jul 15, 2021	IDA-51140	Int Charges	59,420.63
Jul 15, 2020	IDA-51140	Int Charges	36,119.40
Jul 15, 2020	IDA-51140	Int Charges	134,126.22
Jul 15, 2020	IDA-51140	Int Charges	1,803.49
Jul 15, 2020	IDA-51140	Loan Repay	176,387.61
Jul 15, 2020	IDA-51140	Int Charges	36,119.40
Jan 15, 2021	IDA-51140	Loan Repay	182,733.30
Jan 15, 2021	IDA-51140	Int Charges	36,733.54
Jan 15, 2021	IDA-51140	Int Charges	36,733.54
Jan 15, 2021	IDA-51140	Int Charges	57,094.60
Jan 15, 2021	IDA-51140	Int Charges	8,229.08
May 31, 2019	IDA-51140	Loan Cancel	140,730.95
Jan 15, 2020	IDA-51140	Int Charges	639.77
Jan 15, 2020	IDA-51140	Loan Repay	175,255.98
Jan 15, 2020	IDA-51140	Int Charges	36,544.89
Jan 15, 2020	IDA-51140	Int Charges	36,544.89
Jan 15, 2020	IDA-51140	Int Charges	141,951.19
Jan 15, 2020	IDA-51140	Int Charges	-88.19
Jan 15, 2020	IDA-51140	Int Charges	88.19
Mar 29, 2019	IDA-51140	Loan Disb	-64,251.83
Jul 15, 2019	IDA-51140	Int Charges	37,398.73
Jul 15, 2019	IDA-51140	Int Charges	37,398.73
Jul 15, 2019	IDA-51140	Int Charges	146,460.42
Jul 15, 2019	IDA-51140	Int Charges	5,752.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Satisfactory	2018-10-17
Monitoring and Evaluation	Satisfactory	2018-10-17
Overall Implementation Progress (IP)	Satisfactory	2018-10-17
Progress towards achievement of PDO	Satisfactory	2018-10-17
Procurement	Satisfactory	2018-10-17
Project Management	Satisfactory	2018-10-17

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-19-2019
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-10-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework