Government of Armenia to liquidate non-operating companies independently
11.05.2011,
22:47
On Wednesday, Government of Armenia adopted the draft law “On the provision of privileges for tax and mandatory payments of social insurance by organizations and private entrepreneurs” and “On liquidation of organizations who did not submit tax reports as
YEREVAN, May 11. /ARKA/. On Wednesday, Government of Armenia adopted the draft law “On the provision of privileges for tax and mandatory payments of social insurance by organizations and private entrepreneurs” and “On liquidation of organizations who did not submit tax reports as of January 1, 2008 and removing private entrepreneurs from state registration”.
Armenian Finance Minister Vache Gabrielyan said that after the adoption of these draft laws, the real number of entrepreneurs registered in tax bodies of Armenia will be clarified, as well as the implemented administrative costs will be reduced.
“The draft law envisages implementation of procedure of gradual redemption of accumulated tax obligations by the approved schedule”, said Gabrielyan.
In recent years, many companies have accumulated tax and social payment arrears - about 210 billion drams which will be gradually paid in the defined terms.
“According to the changes, the taxpayers who have tax and social payment arrears accumulated till January 1, 2010, can apply to regional tax department by August 20, 2011 for the approval of the redemption schedule”, he said.
Redemption terms for tax obligations up to 50 million drams are envisaged from September 1, 2011 to June 30, 2012 will monthly payments not less than 1/10 of all the debt amount.
Redemption terms for taxpayers over 50 million drams are envisaged from September 1, 2011 to August 31, 2013 with monthly payment of not less than 1/22 of all the debt amount.
Today, there are about 145 thousand taxpayers registered in Armenia who don’t submit tax reports at all and will be liquidated automatically. ($1 – 372.46 drams). --0--
Armenian Finance Minister Vache Gabrielyan said that after the adoption of these draft laws, the real number of entrepreneurs registered in tax bodies of Armenia will be clarified, as well as the implemented administrative costs will be reduced.
“The draft law envisages implementation of procedure of gradual redemption of accumulated tax obligations by the approved schedule”, said Gabrielyan.
In recent years, many companies have accumulated tax and social payment arrears - about 210 billion drams which will be gradually paid in the defined terms.
“According to the changes, the taxpayers who have tax and social payment arrears accumulated till January 1, 2010, can apply to regional tax department by August 20, 2011 for the approval of the redemption schedule”, he said.
Redemption terms for tax obligations up to 50 million drams are envisaged from September 1, 2011 to June 30, 2012 will monthly payments not less than 1/10 of all the debt amount.
Redemption terms for taxpayers over 50 million drams are envisaged from September 1, 2011 to August 31, 2013 with monthly payment of not less than 1/22 of all the debt amount.
Today, there are about 145 thousand taxpayers registered in Armenia who don’t submit tax reports at all and will be liquidated automatically. ($1 – 372.46 drams). --0--
