01600cas a2200241 a 4500 AALejournalIMF005525 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451801699 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Armenia : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (53 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper for the Republic of Armenia shows that building up fiscal space during economic expansions is crucial for the effective implementation of stimulatory policies during downturns. Armenia's tax revenue remains one of the lowest in the region, and significantly below potential. The legislative changes introducing a VAT threshold and a simplified regime for those businesses below the threshold, as well as the adoption of a comprehensive and ambitious modernization plan for revamping tax administration, are promising steps in the right direction. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/375 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/375/002.2008.issue-375-en.xml IMF e-Library