Government of Armenia to ease VAT refund procedures
06.06.2019,
19:00
The government of Armenia has passed a decision today to ease the procedures for VAT refund.
YEREVAN, June 6. /ARKA/. The government of Armenia has passed a decision today to ease the procedures for VAT refund.
State Revenue Committee chairman David Ananyan said taxpayers are given the opportunity to receive a VAT refund in a simplified manner. He said taxpayers who make transactions worth up to 20 million drams with a zero VAT rate will be able to receive the VAT refund in a simplified manner.
"We eliminate two restrictions - there is no need to submit all tax reports and pay all the taxes to receive a VAT refund. The business people will need only to submit a VAT calculation," said Ananyan. He said also the State Revenue Committee is elaborating a proposal to raise the ceiling from 20 million drams to 60 million drams.
"In 2018 the time required for VAT refund was 1.4 days," said Ananyan. ($1 - 479.79 drams). -0-
State Revenue Committee chairman David Ananyan said taxpayers are given the opportunity to receive a VAT refund in a simplified manner. He said taxpayers who make transactions worth up to 20 million drams with a zero VAT rate will be able to receive the VAT refund in a simplified manner.
"We eliminate two restrictions - there is no need to submit all tax reports and pay all the taxes to receive a VAT refund. The business people will need only to submit a VAT calculation," said Ananyan. He said also the State Revenue Committee is elaborating a proposal to raise the ceiling from 20 million drams to 60 million drams.
"In 2018 the time required for VAT refund was 1.4 days," said Ananyan. ($1 - 479.79 drams). -0-
