Nanman garment factory awarded 3-year VATt payment deferment
30.03.2017,
17:23
An Armenian garment company Nanman LLC was awarded today a 3-year VAT payment deferment by the government after pledging to invest 20 million drams in the expansion of output.
YEREVAN, March 30. /ARKA/. An Armenian garment company Nanman LLC was awarded today a 3-year VAT payment deferment by the government after pledging to invest 20 million drams in the expansion of output. Economic development and investments minister Suren Karayan said the company will spend part of the money on purchase of new equipment.
The minister said the company plans to modernize and expand the existing garment production and create 15 new jobs. He recalled that the company had already been awarded two VAT payment deferments which helped it to expand the output.
The previous benefit was provided to the company as part of an investment program for the production of jeans. The company was to produce 33.17 million drams worth products and sell 21.17 million drams worth products at home and the rest in Russia and other member countries of the Eurasian Economic Union. ($ 1 - 483.82 drams). -0--
The minister said the company plans to modernize and expand the existing garment production and create 15 new jobs. He recalled that the company had already been awarded two VAT payment deferments which helped it to expand the output.
The previous benefit was provided to the company as part of an investment program for the production of jeans. The company was to produce 33.17 million drams worth products and sell 21.17 million drams worth products at home and the rest in Russia and other member countries of the Eurasian Economic Union. ($ 1 - 483.82 drams). -0--
