Businesses in Armenia’s border areas to be exempted from taxes
13.11.2015,
13:08
The National Assembly of Armenia passed Thursday at the first reading amendments to the tax privileges for companies operating in border rural areas.
Emil Tarasyan, the deputy economy minister, said that the law was adopted yet in 2014, but it applied only to villages, not cities.
Emil Tarasyan, the deputy economy minister, said that the law was adopted yet in 2014, but it applied only to villages, not cities.
YEREVAN, November 13. /ARKA/. The National Assembly of Armenia passed Thursday at the first reading amendments to the tax privileges for companies operating in border rural areas.
Emil Tarasyan, the deputy economy minister, said that the law was adopted yet in 2014, but it applied only to villages, not cities.
In his words, the aim of the introduction of tax exemption for businesses in border areas is to spur economic activities and enhance investment attractiveness here.
The law exempts entrepreneurs in border areas from paying VAT as well as income and profit taxes.
Now 450 organizations in 31 rural border communities enjoy this preference. ---0----
Emil Tarasyan, the deputy economy minister, said that the law was adopted yet in 2014, but it applied only to villages, not cities.
In his words, the aim of the introduction of tax exemption for businesses in border areas is to spur economic activities and enhance investment attractiveness here.
The law exempts entrepreneurs in border areas from paying VAT as well as income and profit taxes.
Now 450 organizations in 31 rural border communities enjoy this preference. ---0----
