TODAY THE BUSINESS SUPPORT COUNCIL (BSC) HAS MET, CHAIRED BY CHAIR, RA PRIME MINISTER TIGRAN SARGSYAN.

We dnesday, 8 April 2009

The Council only had the time to review the status of about a dozen
of directives issued at the previous meeting. Council Secretary,
Director General of Armenian Development Agency CJSC Robert Harutunyan
reported that the bulk of these directives have been fulfilled in a
timely manner. It has been noted that in particular that the Ministry
of Finance deems it expedient to further improve the regulations
concerning the settlement of import-related VAT arrears. As a priority
task, the Ministry suggested to take up the matter under the draft
Special Part of the RA Tax Code.

Regarding a second proposal made by the Director General of
Electro-Device OJSC and the Executive Director of Armenia Copper
Program CJSC, RA Deputy Minister of Finance Suren Karayan was
instructed to hold another discussion with the authors of the proposal
and report back its outcome to the Council during the next meeting.

Suren Karayan and Deputy Head of State Revenue Committee by the
Government Armen Alaverdyan were told to discuss once again the
proposals submitted by the Executive Director of Armenia Copper
Program CJSC concerning the process of providing incentives for tax and
customs officers, as well as regarding the question of eliminating the
existing direct correlation between the20sums collected as a result
of irregularities identified with taxpayers and the proceeds of tax
inspectors’ material incentive fund.

With reference to the package of research-based proposals on improved
VAT application procedures within the banking system, the President
of the Armenian Bankers’ Union was told to take up the matter once
again with the Ministry of Justice, the State Committee on Immovable
Property Cadastre by the Government and the RA Police in order to
report back the outcome during the next meeting.

It has been decided to postpone the discussion of other agenda items
until the next meeting of the Council.