Announcement

Collapse
No announcement yet.

Introduction Of VAT On Agriculture Products Makes Armenian Farming E

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Introduction Of VAT On Agriculture Products Makes Armenian Farming E

    INTRODUCTION OF VAT ON AGRICULTURE PRODUCTS MAKES ARMENIAN FARMING ENTERPRISES TRANSIT TO SHADOW REGIME OF TRADE, AN EXPERT THINKS

    ArmInfo
    2009-06-16 15:01:00

    ArmInfo. Introduction of VAT on agriculture products makes Armenian
    farming enterprises transit to shadow regime of trade, Advisor
    to Speaker of the Armenian Parliament for Economic Issues Tatoul
    Manaseryan told journalists, Tuesday. To recall, since January 1,
    2009, VAT in Armenia has covered producers of agriculture. "Without
    the state support the work of farming enterprises is a fight for
    survival. If VAT covers farmers, they will do nothing but work in
    the shade",- Manaseryan said.

    To recall, since 1 January 2009 producers of agriculture with annual
    turnover of over 58,37 mln AMD have been subjected to VAT. In March
    2009 the Armenian government launched a program on subsidizing the
    interest on banking loans of farming enterprises economies. The state
    budget is going to allocate 100 mln AMD for this prupose. Possible
    expansion of the program is currently being considered.
Working...
X