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Imports of electric cars to Armenia to be exempted from VAT for another year
... restriction is aimed at preventing the country from becoming a car dump, as is the case with internal combustion engine cars. Imports of electric cars to Armenia were first exempted from VAT in 2019. In 2020, electric cars were also exempted from customs duties. As a result, imports of electric cars to Armenia increased 12 times in 2020, and by 80% in 2022 amounting to 3,485. In the first 10 months of 2023, some 4,195 electric cars were imported. Duty-free import quotas are agreed upon for each Eurasian Economic Union member country. In 2022 the quota ...
11/10/2023Permanent driving of cars with foreign license plates will be restricted in Armenia –SRC
... on Friday. YEREVAN, September 8. /ARKA/.. Permanent driving of cars with foreign license plates will be restricted in Armenia, Chairman of the State Revenue Committee (SRC) Rustam Badasyan said on Friday. He said this principled position is in ... ... Economic Union (EEU) member countries and also in line with the principle of equality of all before law. 'A citizen A buys a car paying all customs duties and VAT, and at the same time, another citizen B imports a car (largely from the neighboring Georgia) without any payments....
09/08/2023Armenian lawmakers discussed prosecutor general’s petitions requesting permission to prosecute two opposition MPs
... opposition Hayastan parliamentary faction. YEREVAN, February 8. /ARKA/. By a vote of 64 Armenia's parliament agreed to consider a request by Prosecutor General Anna Vardapetyan... ... is charged with three counts of embezzlement on a large scale and abuse of official duties. One of the counts is considered classified. According to another count, under... ... organ damage. In July 2016, Artur Sargsyan broke through the police cordon in his own car, loaded with food, and entered the territory of the Yerevan Police Patrol Service...
02/08/2023Iran to launch joint car production line in Armenia
Iran will launch a car production line in Armenia and the cars will be exported the Eurasian Economic Union (EAU) member countries, Head of Iran's Trade Promotion Organization ... .... Payman-Pak pointed out that Armenia is one of the members of the Eurasian Economic Union (EEU) that does not pay any trade duties within the union. "Appropriate opportunities have been created for Iran to export quality vehicles to the markets ...
10/17/2022Armenian Human Rights Defender Reports Violations During Detention of Protesters
... physical force were also reported. These and other breaches have been summarized by the Office of the Human Rights Defender, and the necessary measures will be taken. The Human Rights Defender stated that the detention of citizens by police officers is carried out with violations of a number of their rights. Based on the aforementioned, the Human Rights Defender called on the Armenian police to behave lawfully while performing their official duties, provide opportunities for the realization of the minimum rights of persons deprived of their freedom. The Rapid Response Teams of the Human Rights Defender's Office continue round-the-clock monitoring, including the detection of extreme and dangerous ...
04/29/2022Armenian car imports slash dramatically in 2020
... end of 2019 and their owners would have to pay higher customs duties, the government introduced the system of preliminary customs declaration. Importers were given the opportunity to submit customs declarations for imported cars that did not yet reach Armenia and pay lower customs duties. Some 3,800 used cars were taxed by that system.-0-
02/19/2021Armenian tax authorities collect one trillion 16.8 billion drams in taxes in 9 months
... drams were returned to companies as tax refund, up from 90.2 billion drams returned in the same period in 2019. "Despite the impact of the coronavirus crisis, negative growth forecasts, as well as large-scale financial benefits provided by the Armenian government to companies and citizens, the volume of tax revenues has increased, which cannot be said about customs duties, which in 2020 decreased, mainly due to the lack of large volumes of car imports", the SRC said in a press release. "The State Revenue Committee considers it necessary to once again emphasize the importance of the law-abiding behavior of each economic entity, especially in the current situation when current challenges ...
10/08/2020Armenia’s State Revenue Committee fully ensures projected AMD 680.3-billion tax revenue for Jan-June
... January-June in the amount of 680.3 billion drams, Chairman of the State Revenue Committee of Armenia Eduard Hovhannisyan said Wednesday, presenting a report on tax collection for... ... billion drams. In his words, 622.2 billion drams were collected only as taxes and duties in 2020, while for the same period of 2019 this figure was 602.8 billion drams... ... second quarter of 2020 (the economy was forgiven AMD 32 billion), and the volume of car imports of 2019 was not recorded this year (receipts from customs duties on the...
07/22/2020Car prices in Armenia may drop dramatically in the coming months
... Tuesday. YEREVAN, February 4. /ARKA/. Prices of cars in Armenia may drop dramatically in the coming months, Vahagn Sahakyan, the chairman of the Union of Taxi Companies, told reporters on Tuesday. He said it is not a secret that many citizens of Armenia took advantage of the lower import duties having brought thousands of cars into the country with the aim of selling them later at higher prices, but not all of them succeeded. "As a result, a huge number of cars are now in the country, and their owners, even if they do not operate them, are required to pay property ...
02/04/2020More than 189,000 vehicles imported to Armenia in 2019
... Committee, said at a press conference on Monday. YEREVAN, January 13. /ARKA/. More than 189,000 vehicles were imported to Armenia in 2019, up from 64,000 vehicles, imported a year earlier, David Ananyan, the head of the State Revenue Committee, said ... ... a press conference on Monday. He said the import of as many as 189,000 vehicles generated about 95 billion drams in customs duties, by 58 billion drams more than in 2018. He also said that the car customs clearance office relocated to the second-largest town of Gyumri late last year managed to handle all the customers....
01/13/2020Top five financial laws and decisions that enter into force in 2020
... and after 2020, the owners of vehicles will pay environmental tax End to preferential imports Since January 1, 2020, customs duties have increased on 900 items of goods imported to Armenia from third countries as part of the transitional arrangements that were reached after the country joined the EEU. According ... ... children. It will not be indexed until other calculation formats are proposed. The second major change refers to the monthly childcare benefit given to mothers until their child is two years of age. This applies only to mothers who are on maternity leave. ...
01/13/2020Armenia sets new rules for individual car importers from third countries not Eurasian Economic Union members
... has released details of new rules for individual car importers from third countries which are not the Eurasian Economic Union members. The rules come into force on January 1, 2020. YEREVAN, September 16. /ARKA/. The State Revenue Committee of Armenia has released details of new rules for individual car importers from third countries which are not the Eurasian Economic Union members. The rules come into force on January 1, 2020. Starting from 2020, customs duties and taxes will be calculated on a common rate - on the sum of duties and the value added tax. The calculation will depend on the year of production of the vehicle, its cost and the working capacity of its engine. The cost of a vehicle younger ...
09/16/2019Paper reports about car shortage in Armenia
Car shortage is seen in Armenia, Zhoghovurd reports. According to the media source, the thing is that prices for vehicles are expected to rise on January 1, 2020. In accordance with the Eurasian Economic Union' customs rules, duties will be calculated on the volume of the engine. This means that cars will become four to five times more expensive. ...
08/28/2019Armenian importers of cars from the united states to face major problems - paper
Armenian importers of cars from the United States to face major problems, Zhoghovurd reports. According to the daily, their personal pages in internet ... ... economic entities still stay afloat, but it doesn't know for how long. Experts explain the situation by the increase of customs duties on new cars that is expected to come into force on January 1, 2020. -0---
08/02/2019Parliament members call for revision of EEU requirement for customs clearance of imported cars
Armenian parliament members called today for revision of import duties on cars, which are set to come into force from January 1, 2020 to meet a requirement established for all members of the Russia-led Eurasian Economic Union (EEU). YEREVAN, April 22. /ARKA/. Armenian parliament members called today for revision of import ...
04/22/2019Pashinyan to resign after dismissing his Cabinet ministers
... from electing a new prime minister,” he said. Pashinyan also added that after his resignation he will continue to fulfill his duties as head of government. "During that period nothing will happen - not a single leaf, not a single car, not a single bush, not a single deputy, not a single tree will be damaged. I will go to the National Assembly to hold talks ... ... Information Technologies Ashot Hakobyan, as well as the Minister of Agriculture Artur Khachatryan. All of them are from the Prosperous Armenia and ARF/Dashnaktsutyun parties, which endorsed earlier today a controversial bill, designed by the Republican Party of ...
10/02/2018Pashinyan specifies his stance on scandal over Catholicos and voices dissatisfaction at police conduct
... about imbroglio over Catholicos Garegin II, the Armenian Apostolic Church leader. On Saturday in Vayots Dzor province, “New Armenia – New Catholicos” movement activists surrounded a car with Garegin II in it, blocked it and demanded his resignation. Pashinyan said he has instructed the police to scrutinize ... ... “The executive institution will only ensure maintenance of legality,” Pashinyan said. The police should fulfill their duties to shield the atmosphere of love and solidarity from being undermined. “The police have already interfered once to vacate ...
07/16/2018Online calculator for car customs clearance appears in Armenia
... be possible to figure out the size of the duty on import of cars by using an online calculator placed on the website of the Armenian State Revenue Committee, the press office of the committee reported on Tuesday. According to the press release, the ... ...,” the committee’s press office says. “It is necessary only fill the form, providing information about the brand of the car, the year of release, engine capacity etc., after which the system will calculate automatically the total amount of the duties to be paid.” The introduction of the new system will save time and allow citizens to plan their expenses. --0---
04/11/2018Armenian defense minister was not in car that rolled into ravine killing two officers
... minister, said minister Vigen Sargsyan was not in a car that got in an accident today morning in the southern province of Syunik. "Dear journalists, the Minister of Defence was not in the car that got into the accident. He currently performs his duties," - Hovhannisian wrote in his Facebook page. Earlier today Armenian authorities identified two career army officers who were killed in the car accident. The Ministry of Emergency Situations said they are Lieutenant Armen Mosikyan (the driver) and a security officer, captain Aleksan Simonyan. Shamshyan.com said the accident occurred in the southern ...
12/08/2016Armenian taxi drivers protest against arrival of Yandex Taxi
... private taxi drivers entailing financial costs, such as, obtaining a license, mandatory requirements for the condition of the car, payment of taxes and duties, while no such requirements are set for online taxi services. According to him, online taxi services GG, Mobi, On-Line,... ... license and pay taxes, which create anti-competitive conditions in the market. He stressed that of 50,000 taxis operating in Armenia only 4,500 have licenses and only 1,200 of them pay taxes. ‘This sector is not regulated by the state as anyone can ...
06/21/2016Private car importers ask government to eliminate value added tax for import of cars from Russia
... member) is only 2%. "When importing cars from Russia, we pay a 30% VAT and a 32% VAT when importing cars from Georgia, which is closer to Armenia,’ Marutyan said. According to the Armenian Customs Service, some 46,500 vehicles were imported to Armenia in 2014 against 41,100 in 2013. In 2014 customs duties levied on imported cars totaled 45.7 billion drams, an increase of 9% when compared to 2013. Moreover, some 1,900 cars imported in 2014 were Russia-made, a decline of 19.8% from the previous year. They generated 1.347 billion drams of customs duties. -0-
02/11/2016Eurasian Economic Commission simplifies import of vehicles into EEU’s territory
.... The decision that comes into force on September 19 will simplify the stay of motorists in EEU territory, the Board said today. Earlier, if a motorist failed to meet the 3-month permission regardless of the reasons, the motorist was to pay customs duties and some other taxes, which in some cases could amount to the cost of a car. Besides, motorists were subject to administrative penalties, set by the host country. The Board said the period of temporary importation should be established for every case separately, depending on the length of stay of citizens in the territory ...
09/17/2015Land Rover takes Defender out of production
... the last in the line — ending 67 years of continuous production at the Lode Lane facility. EU rules on safety standards and carbon emissions mean one of the world’s most recognizable vehicles is being discontinued as part of a brand makeover by Tata,... ... company had a network of 41 assembly plants worldwide, including four in Australia. To avoid customers incurring high import duties, the car left Solihull in boxes to be assembled overseas. Defender production peaked in 1971 at 1,250 a week, or about ...
07/01/2015Armenia’s car imports grow 26.7% in Jan-June 2014
... 660 cars cost at least $30,000. Customs duties on these imports totaled AMD 24.9 billion in Jan-June 2014 – 26% more than in Jan-June 2013. Some 437 Russia-made cars were imported in Jan-June 2014 – a 29% year-on-year decline. Customs duties on Russian cars totaled AMD 693 million – a 65% growth. --0----- YEREVAN, July 30. /ARKA/. Some 24,000 passenger vehicles worth $149.5 million were imported into Armenia in Jan-June 2014 – a 26.7% growth, compared with the same period a year earlier. As a whole, 25,092 cars were imported to the country in Jan-June 2014 against 17,834 in Jan-June 2013. In particular, the average price of one of 15,710 ...
07/30/2014Cost of used cars likely to jump threefold after Armenia’s accession to customs union – union of cars importers
... interests when negotiating with the trade bloc’s members. According to him, some 15,000 people in Armenia are involved in car imports. He said Belarus was given a two-year preparatory period after it joined the Customs Union before to raise its duties on imported cars. Earlier, Armenian economy minister Vahram Avanesyan said Yerevan proposed that the Customs Union allow it to levy the current import duties on some 800 items of goods , including medications and cars, which are much lower than the duties applied by the trade ...
02/12/2014Armenian taxi drivers to get opportunity to take interest-free loans for buying fare registers
... submit reports thus saving at least 3,000 drams per month. Previously, they paid this amount to some middlemen. The state duties for one car will stand at 25,000 drams. It will apply also to taxis. There will be new requirements for drivers, which are particularly ... ... medical examination and technical test. It will help drivers to save another 10-15 thousand drams a month. According to the Armenian Consumers’ Association, there are 15,000 taxis in Armenia, the bulk of which work in Yerevan. Of them, 30% have no ...
08/28/2013SCR appeals to people to be more careful at railroad
... underway, operations to identify shortcomings and breaks at railroad crossings are regularly conducted, technical studies are carried out with the duties, fliers “Notice of Traffic Safety” are distributed to the drivers. The company has repeatedly appealed to the ... ... hundredths of seconds and a few steps are critical... South Caucasus Railways, a 100-percent subsidiary of Russian Railways, runs Armenian Railway. Armenian Railways was handed over to the South Caucasus Railways on February 13, 2008 for 30-year concession ...
03/22/2013Top ten economic events of 2012 singled out by ARKA News Agency
Top ten economic events of 2012 singled out by ARKA News Agency 1. Armenia’s Success in Doing Business 2012 Rating In 2012 Armenia reached considerable ... ... terminal that was opened in September 2011. The hall that has a separate entrance and car parking is intended for VIP passengers and members of official delegations. ... ... and exports. Armenian manufacturers and exporters will not be burdened with customs duties, and this will contract their expenses and facilitate procedures. Armenia is...
12/20/2012Two inspectors relieved of post for breach of professional ethics
... following a service check-up after a videofile was placed on the Internet. YEREVAN, November 22. /ARKA/. Two inspectors of Armenian traffic police Levon Matinyan and Karen Melkonyan were relieved of their posts and enrolled in the staff reserve following ... ... check-up after a videofile was placed on the Internet. The police officers were removed from their jobs for improper discharge of duties and breach of professional conduct when communicating with citizens, the police press service reported. The videofile recorded in the car of Daniel Ioannisyan shows that the traffic police car is crossing the double solid line and is overtaking Ioannisyan’s ...
11/22/2012Up-to-European-standards car parking lots to appear in Yerevan next year
Up-to-European-standards car parking lots will appear in Yerevan the next year, Taron Margaryan, the city mayor, said Wednesday at a Cabinet meeting. ... ... establishing paid parking lots in the streets and the squares belonging to communities. The rules also regulate payment of state duties. The mayor said that managing companies will be named in three or four months. -0-
10/10/2012Parliament of Armenia approved tax portfolio providing the increase of budget income by about 101 billion drams
National Assembly of Armenia on Wednesday in the second and final reading approved tax portfolio targeted ... ... sphere of expensive alcohol beverages is planned to increase by 50%. Motor oils and cars up to two years of production with customs value of more than 30 million drams... ... carried out” is eliminated. According to the changes in the law “On state duties”, state duty on the export of ore will be charged at the rate of 3% of...
12/08/2011Saint Petersburg plant Hyundai to start deliveries of sedans aсcent to Armenia
... modern design, diversity of options, particularly Bluetooth and chip-key. The sale of cars will start from April 15. They will be presented vie three colors: White, black and silver.. The company Hyundai starts the export of sedans of Saint Petersurg to Armenia, Azerbaijan, Ukraine, Kazakhstan, Belarus, Uzbekistan, Moldova and Kyrgyzstan. Hyundai is the first car of the of Russian Federation which is going to export its products to Kazakhstan and Belarus without customs duties. ($1 – 369.93 drams).--0--
04/04/2011Armenian Ministry of Finance begins extending interest-free loans to owners of cars with foreign license plates to pay import taxes
... taxes. The government moved to make this decision after owners of cars with foreign license plates staged a series of protest actions in Gyumri, Armenia’s second-largest town near the Georgian border. According to Armenian law, in order to obtain Armenian license plates a car owner has to pay import duties and value-added taxes worth 32 percent of the market value of the imported car. Until recently cars registered abroad, mostly in neighboring Georgia, qualified as "temporary imports" and had been exempted from these duties. This had prompted ...
03/04/2011Cars brought to Armenia on “Temporary import” regime to get customs clearance on privileged lending condition
... owner had to pay customs and value-added taxes worth 32 percent of the market value of their imported vehicle in order to obtain license plates. Cars registered abroad had qualified as “temporary imports” and had been exempted from these duties. Many Armenians have for years made use of this loophole by registering their cars with road police in Georgia, where import tax rates are considerably lower than in Armenia. The practice was especially widespread in the country’s northern regions bordering Georgia. According to the latest information, 44,000 cars have been ...
02/24/2011Armenian citizens are unable to import used cars for preferential regime
..., 44 thousand vehicles were imported under the regime of temporary import of cars against the 32 thousand over the same period in 2009. According to the deputy head of the Committee, using the preferential regime of temporary import, the citizens of Armenia are not paying customs duties, which constitute about 32% of the value of the car. Other amendments to the Customs Code, he said, regulate the payment of fees for postal delivery. Currently, according to Alaverdyan, packages, the cost of which is not more than 50 thousand drams are exempt from payment of fees and the proposed amendments ...
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