REPRESENTATIVES OF SMALL, MEDIUM BUSINESSES IN ARMENIA NEED 4-5 MONTHS OF TAX HOLIDAYS

/ARKA/
July 9, 2009
YEREVAN

YEREVAN, July 9. /ARKA/. Representatives of small and medium businesses
of Armenia need four-five months of tax holidays, Vazgen Safaryan,
the Chairman of Domestic Commodity Producers’ Union, told reporters
on Wednesday.

"Amid the crisis small and medium businesses of Armenia found
themselves in a difficult situation and they need tax holidays to be
able to continue their activities," he said.

According to Safaryan tax benefits should be issued to small businesses
with a staff of less than 15 workers.

As the Chairman of the Union noted, today many companies withdraw
floating funds to pay taxes, which can bring them to crash
soon.