HENCEFORTH IMPORTERS OF TRANSPORT MEANS WITH 18 AND OVER SEATS TO BE EXEMPT FROM VALUE ADDED TAX

Noyan Tapan
Dec 18 2007

YEREVAN, DECEMBER 18, NOYAN TAPAN. The special session of the National
Assembly, which was convened on the initiative of the Armenian
president, ended on December 18 and was immediately followed by a
special session convened on the initiative of MPs. There was one issue
on the agenda: the bill, which was developed by a number of MPs and
envisaged amendments to the RA Law on Establishemnt of the List of
Goods, which are Imported by Organizations and Private Businessmen,
Have a Zero Rate of Customs Duty, are not Liable to Excise Tax and
on which Tax Bodies do not Calculate and Collect Value Added Tax.

The session lasted 10 minutes: the National Assembly took this time
to hear the main reporter and to adopt the bill completely in the
first reading and then in the second reading, without any discussion
and proposals.

By the amendment made, henceforth tax bodies will not collect value
added tax (VAT) for the import of transport means with 18 and over
seats.

According to the order established by the Armenian government,
until now this privilage only applied to transport means imported
into Yerevan. In the words of the bill’s co-author, chairman of the
RA National Assembly Standing Committee on Economic Issues Vardan
Aivazian, the purpose of this legislative amendment is to promote
the import of passenger transport means, ensuring equal conditions
for their importers throughout Armenia.