Finance minister: entrepreneurs in Armenia should have right to choose between tax and finance inspections

Finance minister: entrepreneurs in Armenia should have right to choose between tax and finance inspections

YEREVAN, May 7. /ARKA/. Entrepreneurs in Armenia should have a right to choose between tax and finance inspections, Finance Minister Gagik Khachatryan said Wednesday at a news conference. 

A scheme of alternative inspections is being discussed now in the country. Public reaction to the scheme is controversial – many connect it with the personality of the new minister, who was the head of the State Revenue Committee, which included tax and customs services, before taking up the new office on April 26. 

On May 1, President Serzh Sargsyan issued a decree reorganizing the committee and affiliating it to the finance ministry.  

“Discussions over this project are not connected with my appointment to the ministerial post, since these changes have long been discussed, and they have been prompted by signals from entrepreneurs,” Khachatryan said. 

He told journalists that the project was being vigorously discussed in the society and different opinions were being voiced. After these disputes the scheme’s effectiveness will be assessed. 

Now some entrepreneurs undergo inspections as part of the risk assessment system, while others go through audit, he said. 

“Our experience gained after the risk assessment system was formed shows that throughout one year only 1,267 of 65,000 functioning companies were estimated to be within the risk zone, and the remaining companies which want to be inspected should have a chance to choose tax or financial audit,” the minister said. 

In his opinion, business endures no compulsion, and the aim of audit is to get income declarations from entrepreneurs and to give them a right to choose.  

“We must make every effort to relieve business people’s burden in terms of finance, time and expenses,” Khachatryan said. -0----

16:03 07.05.2014

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