ARMENIAN GOVERNMENT APPROVES F BILLS FOR SHIFTING TO UNIFIED TAXATION SYSTEM

ARKA
Dec 24, 2009

YEREVAN, December 24, /ARKA/. The government of Armenia has approved
today a set of bills designed to change gradually taxation of some
goods, which were levied fixed taxes. Under the proposed changes
their taxation will be moved into the general taxation field.

Finance minister Tigran Davtian said these goods are petrol, diesel
fuel and cigarettes which pay fixed taxes, including VAT, excise tax
and customs due.

The minister explained that the taxation policy is aimed, along
with gradual improvement of administration, at shifting to unified
taxation system.

‘By this package of changes we actually propose to make the first
step towards levying VAT by general principles so that to shift in
future to the unified taxation system’ the minister said.

Prime minister Tigran Sarkisian said the approval of the proposed
changes starts debates on this issue because ‘shifting to the unified
taxation system is inevitable and the problem is when that may happen.’

‘We need to discuss with parliament members, International Monetary
Fund and our business partners members when we shall be able to
enforce these changes,’ he said.