Center of accounting services to SME opened in Yerevan

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Economy

27.01.2009, 03:15

A center of accounting services for small and medium enterprises (SME) was launched in Yerevan Saturday.

YEREVAN, January 26. /ARKA/. A center of accounting services for small and medium enterprises (SME) was launched in Yerevan Saturday.

The opening is an important event for the country, Armenian Premier Tigran Sargsyan said at the opening ceremony.

The center will be providing affordable and standardized services, he said expressing hope that thousands of enterprises will take advantage of these services. Armenian Government undertook to pay the center opening costs.

On September 25 2008, the government had allocated 72.5mln Drams to establish the accounting center for SME. Later, the government appropriated 11.1mln Drams for capital repair and procurement of equipment for the center.

Executive Director of the National Center for SME development Ishkhan Karapetyan, in his turn, said that the new center will provide services and communicate skills to SME for preparing reports on their own. The government will pay for SME operating in Yerevan 50% and for regional enterprises 80% of the costs of the tax reporting services.

The main aim of the center is to help small and medium businesses conduct keep accounting records, prepare tax reports, carry out audit and internal supervision, solve their problems with tax system and keep their interests protected. ($1=305.42Drams). N.V. –0--

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