GOVERNMENT OF ARMENIA WILL EXEMPT SMALL ENTREPRENEURS OF VAT

arminfo
2008-08-08 12:41:00

ArmInfo. Government of Armenia made a decision to exempt the
enterprises whose annual turnover does not exceed 50 million of VAT,
Minister of Finance Tigran Davtyan said at a government sitting
Thursday.

He said it is one of the key provisions in the legislative initiative
approved by the government Thursday. Generally, the government
approved ten amendments to the effective legislation and 6 changes
in some government decisions. The minister said the package of
legislative initiatives aims to support small business and producers
of agricultural products. Moreover, the package of amendments will
facilitate the tax administration procedure, T. Davtyan explained.