ARMENIAN GOVERNMENT APPROVES CONCEPT ON REGULATION OF VAT PAYMENT
FROM AGRICULTURAL PRODUCTION SALE

YEREVAN, AUGUST 18, NOYAN TAPAN. At the August 18 sitting, the Armenian
government approved the concept on regulation of value added tax (VAT)
payment from the sale of agricultural products. NT was informed about
it from the RA Government Information and PR Department. The aim of the
concept is to assess the abolition of VAT’s privilege from the sale of
agricultural products by the producer within the framework of Armenia’s
obligations to the International Trade Organization and to develop
the possible approaches and measures aimed at its mitigation. One of
the concept’s major tasks is to study international experience and
propose structures of VAT regulation in the agricultural sphere based
on the policy of Armenia’s socio-economic development. The RA Minister
of Agriculture was instructed to submit, within two months and in
coordination with the Ministry of Finance and Economy, the Ministry
of Trade and Economic Development and the State Tax Service adjunct
to the RA government, a program of measures aimed at fulfilment of
the concept’s provisions.