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State Taxation Service (STS) Eases Impact Of Mandatory Cash Register

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  • State Taxation Service (STS) Eases Impact Of Mandatory Cash Register

    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
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