STATE TAXATION SERVICE (STS) EASES IMPACT OF MANDATORY CASH REGISTERS INSTALLATION

ARMENPRESS
Aug 11, 2008

YEREVAN, AUGUST 11, ARMENPRESS: The State Taxation Service (STS) said
it has undertaken a set of measures to ease the impact of mandatory
cash registers installation on traders at all markets and fairs.

The State Taxation Service explained that cash registers and their
connection to the network must be done by owners of markets and
fairs. It said traders must be exempted from these expenses.

The STS said it called on owners of markets and fairs to refrain from
raising the fee for renting kiosks and stalls, at least for those
which are seven and less square meters.

Traders at these stalls pay from 7,000 to 19,000 Drams a month as
taxes and mandatory social payments. For traders outside Yerevan
these payments are lower.

The STS said traders who will install cash registers will be exempted
from tax checks for the next six months.

From: Emil Lazarian | Ararat NewsPress