INDIVIDUAL ENTREPRENEURS ENGAGED IN TRADE AT FAIRS TO PAY TAXES BY FIXED PAYMENTS

Noyan Tapan
Jul 2, 2007

YEREVAN, JULY 2, NOYAN TAPAN. At the July 2 special sitting, the RA
National Assembly unanimously, with 82 votes in favor, in the first
reading adopted the bill authored by the government, according to
which, amendments and addenda are to be made to the RA law "On Fixed
Payments." The RA NA Speaker, Tigran Torosian, said that this is the
first bill of the NA of fourth convocation, in favor for which the
parliamentary opposition also voted, which shows that cooperation
around some issues is possible.

The bill, in particular, envisages to establish the order of
calculation and payment of fixed payments for individual entrepreneurs
engaged in trade activity through stalls at fairs, which will replace
VAT and profit tax.

Individual entrepreneurs engaged in trade activity in Yerevan, in
territories not exceeding 7 sq.m. and in other places 10 sq. m. will
be considered as those paying fixed payments. The monthly amount of
the above mentioned payments in Yerevan, without zoning, will make
1815 drams per 1 sq.m, in regional centers, towns of Abovian and
Vagharshapat, 792 drams, in regions 660 drams, in the earthquake zone
and border populated areas 330 drams (nearly 1 USD).