SME Development National Center of Armenia to subsidize purchase of new-generation cash registers by 4,500 economic entities in 2015

YEREVAN, December 24. /ARKA/. SME Development National Center of Armenia intends to subsidize purchase of new-generation cash registers by 4,500 economic entities in 2015, Gegham Petrosyan, executive director of the center, told journalists on Wednesday. He said the necessity of state support emerged in 2014 – the government allocated AMD 150 million for compensations. Economic entities in rural communities will have their purchase fully compensated. «We have already received 140 applications, and have provided subsidies on 70 of them,» Petrosyan said. At its extraordinary session held on December 17, the National Assembly passed amendments to the law on application of cash registers, in accordance with which introduction of new-generation cash registers was postponed for one year until January 1, 2016. About 8,000 companies with turnover over AMD 58 million have already introduced and are using them. A 128-Megabite nonerasable storage is one of new requirements to cash registers as well as operational and basic memory, room for placing memory card, for connecting to information system of tax agencies via 3G and GPRS Internet for making software changes and integrating new modules and carrying out transactions by using plastic cards. (1$ - AMD 461.10). --0----