Armenian government willing to discuss with SMEs ways for lessening turnover tax

Armenian government willing to discuss with SMEs ways for lessening turnover tax

YEREVAN, May 22. /ARKA/. The Armenian government is ready to discuss with representatives of small and medium businesses ways for lessening turnover tax, Prime Minister Hovik Abrahamyan said Wednesday in the National Assembly. 

«In recent days, I met with SME representatives, and we said we expected their proposals,» he said. «We have repeatedly said that we don't want to view SMEs only as taxpayers or job creators. But only on one condition - it must be clearly specified what the small and mid-scale business is.»

Armenia's State Revenue Committee is now discussing draft amendments to the revenue tax law to lessen annual turnover tax for small and medium-size enterprises with annual turnover amounting to up to AMD 58.35 million from the current 3.5% to 1%.   

Along with that, the government intends to tighten grip upon SMEs by obliging them to have control stamps on all their products. -0----

12:04 22.05.2014

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