ARMENIA FORBIDS SMALL BUSINESS TAX INSPECTION

HULIQ
June 1 2009
SC

The government of Armenia made a decision which forbids the tax
authorities to conduct tax inspections in small businesses aiming to
relieve the small business owners from unnecessary difficulties with
tax authorities.

"During 2009-2010 all types of inspectorial checks in the small and
medium-sized enterprises (SME) will be forbidden. 22 inspectorial
bodies exist in RA. Exceptions will be cases concerning health of
the population and security of the state. Even those exceptions will
be carried under the control of the Prime Minister, and only in the
presence of the written consent of the Prime Minister. I am sure
that in this sense our anti-crisis resistibility will increase,"
RA Prime Minister Tigran Sargsyan said yesterday at the session of
the Government.

"This is really an unprecedented decision. We have taken this decision
upon the directive of the President of the Republic with the view
of creating a favorable atmosphere for the development of small and
medium-sized businesses, and overcoming the adverse effects of the
global crisis," the Prime Minister added.

RA Government Information and Public Relations Department