FAIRS IN ARMENIA ARE TAXED, TAX BODY REPRESENTATIVE ASSURES

Noyan Tapan
Mar 22 2007

YEREVAN, MARCH 22, NOYAN TAPAN. The fairs functioning in Armenia are
taxed, last year they paid fixed payments of 2 bln drams (about 5.5
mln USD). Deputy Head of the RA State Tax Service Armen Alaverdian
told this to reporters on March 22. In his words, the goal of tax
bodies is to clarify problems related to taxation of persons who
conduct constant business activity at fairs.

Particularly, if the matter concern a legal entity, certain taxes must
be collected in addition to the sum paid to the fair’s organizer, while
natural persons must get respective state registration. A. Alaverdian
noted that tax bodies started the installation of cash registeres
in fairs and other trade points – more than 400 cash registers have
already been installed. According to him, this process will continue
this year and finish in 2008. It was mentioned that in January-February
2007, revenues and social payments collected by tax bodies exceeded
by 8.5 bln drams and 2.2 bln drams the respective indices of the same
period of last year.