Turnover tax rates should be downed also for small industrial enterprises in Armenia - expert
03.10.2014,
15:53
Turnover tax rates should be downed not only for trade, but also small industrial enterprises, Tatul Manaseryan, head of Alternative Research Center, said Friday at a news conference.
YEREVAN, October 3. /ARKA/. Turnover tax rates should be downed not only for trade, but also small industrial enterprises, Tatul Manaseryan, head of Alternative Research Center, said Friday at a news conference.
“If at the initial stage of their activity small industrial companies enjoy preferences and support, they will be able to develop into medium and even large organizations,” he said.
The amendments to the turnover tax law took force on October 1, 2014. They imply turnover tax decrease from present 3.5% to 1%, but along with that, they demand certain paperwork from small and medium entrepreneurs though introducing a facilitated scrutiny over compliance with this demand.
The obligatory paperwork demand has prompted discontent among small and medium entrepreneurs, who are staging protests outside the government and parliament buildings.
Speaking about these protests, Manaseryan said that certain political forces in Armenia are deliberately whipping up tension, and the government is making insufficient efforts to enhance public awareness about advantages of the amendments.
“Introduction of the obligatory paperwork is aimed at lessening shadow in Armenia’s economy,” he said. ---0---
