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Armenian Government Approves F Bills For Shifting To Unified Taxatio

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  • Armenian Government Approves F Bills For Shifting To Unified Taxatio

    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.
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