Types of activities exempted from taxes in Armenia
20.01.2017,
15:38
According to of law "On tax benefits for self-employed persons" that entered into force on January 1, 2017, a number of activities in Armenia carried out by self-employed persons are exempt from taxes.
YEREVAN, January 20. /ARKA/. According to of law "On tax benefits for self-employed persons" that entered into force on January 1, 2017, a number of activities in Armenia carried out by self-employed persons are exempt from taxes. Below is the list of these activities, as well as the conditions under which the tax benefits are effective.
Who can take advantage of the benefits? All those self-employed persons, whose earnings from all kinds of activities did not exceed 9 million drams in the previous calendar year. Benefits are provided to those who are not a party to a contract on joint activity (with the exception of agricultural production) and to those whose activity is carried out exclusively at one workplace (except when the occupation does not imply permanent location).
What benefits are provided? Self-employed persons whose activities fall under the above-mentioned categories are exempt from all taxes to the state budget of Armenia, except for customs duties, value added tax for imported goods and the excise tax. They will pay also the land and property taxes.
Types of activities exempt from taxes. Tax benefits are provided to self-employed persons, engaged in production and repair of shoes, leather goods and similar products, clothes, hats, carpets, wood products, furniture and cheap jewelry. They are provided also to those who repair and install computer software and equipment, TV sets, washing machines, air conditioners, other household goods, who repair bicycles, wheelchairs, and other items of personal use, decorative ceramics, porcelain, slate, time measuring instruments and musical instruments.
The benefits apply also to those who teaches specialized subjects, languages, dances, singing, arts, gymnastics and other sports, toastmaster services. The benefits embrace also those engage din providing services to private households, working in the smithy, running guest houses.
How to get tax breaks? Self-employed persons who satisfy the requirements of the law, should submit applications to the tax authorities at the place of their registration. The application is submitted for a certain period of activity (from a calendar month to one year). -0-
Who can take advantage of the benefits? All those self-employed persons, whose earnings from all kinds of activities did not exceed 9 million drams in the previous calendar year. Benefits are provided to those who are not a party to a contract on joint activity (with the exception of agricultural production) and to those whose activity is carried out exclusively at one workplace (except when the occupation does not imply permanent location).
What benefits are provided? Self-employed persons whose activities fall under the above-mentioned categories are exempt from all taxes to the state budget of Armenia, except for customs duties, value added tax for imported goods and the excise tax. They will pay also the land and property taxes.
Types of activities exempt from taxes. Tax benefits are provided to self-employed persons, engaged in production and repair of shoes, leather goods and similar products, clothes, hats, carpets, wood products, furniture and cheap jewelry. They are provided also to those who repair and install computer software and equipment, TV sets, washing machines, air conditioners, other household goods, who repair bicycles, wheelchairs, and other items of personal use, decorative ceramics, porcelain, slate, time measuring instruments and musical instruments.
The benefits apply also to those who teaches specialized subjects, languages, dances, singing, arts, gymnastics and other sports, toastmaster services. The benefits embrace also those engage din providing services to private households, working in the smithy, running guest houses.
How to get tax breaks? Self-employed persons who satisfy the requirements of the law, should submit applications to the tax authorities at the place of their registration. The application is submitted for a certain period of activity (from a calendar month to one year). -0-
