YEREVAN, October 31. /ARKA/. The condition of small- and medium-sized enterprises will continue worsening, chairman of the Republican Union of Employers of Armenia Gagik Makaryan said.
“First, dynamics of small business in Armenia trend for negative, and the second, the situation with corruption and unfair competition is not changing in the country, despite the statements made about measures against them during the 2014 budget discussion”, Makaryan told reporters Wednesday.
He also said Armenia’s corruption index remained the same over the last years and even increased this year.
Appropriations by the country’s ministry of economy for supporting small and medium-sized enterprises are not sufficient, Makaryan said.
Makaryan suggested reducing the turnover tax down to 2% to promote small businesses. He said he discussed this possibility with the head of the state revenue committee.
Another possible measure is to give microbusinesses a tax exemption, he said.
“In that case we will get rid of a number of problems, such as the “shadow” and others, and will provide an opportunity of developing and operating freely”, Makaryan said. He also stressed that tax receipts from microbusiness is an annual of about $100 million, which means the budget will not suffer much. This project, according to the head of Republican Union of Employers, should be considered a social one.–0--