ADDITIONS AND AMENDMENT MADE TO RA LAWS "ON LICENSING" AND "ON STATE DUTY"

Noyan Tapan
Dec 05 2006

YEREVAN, DECEMBER 5, NOYAN TAPAN. On December 5, RA National Assembly
in second reading and completely adopted a legislative package
envisaging making additions and an amendment to RA laws "On Licensing"
and "On State Duty."

According to the package, Exploitation of Free Economic Zone and
Organization of Free Economic Zone types of activities are additionally
included in types of activities subject to licensing. Annual state
duty rates amounting to 1000-fold basic duty (1 mln drams or about 2.6
thousand USD) and 3000-fold basic duty (3 mln drams) are established
for the latters.