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Armenian Government Approves Economic Benefits

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  • Armenian Government Approves Economic Benefits

    ARMENIAN GOVERNMENT APPROVES ECONOMIC BENEFITS

    Information-Analytic Agency NEWS.am
    Sept 23 2009
    Armenia

    At its sitting today, RA Government approved the order of applying
    tax, customs and other benefits under a framework agreement between
    Armenia and the Committee of European Communities.

    The RA Government's press service informed NEWS.am that the forms will
    be printed and registered during the following month. The benefits
    include exemption from VAT, exemption of imported products from customs
    duties, exemption of nonresident organizations from profit taxes, etc..

    The Government also approved the results of contests held on the
    WB-allocated funds under an irrigation system renovation program.

    We would remind you that the Armenian Government and the World Bank
    signed a credit agreement in Yerevan on July 31. Under the program,
    irrigation canals in Talin and Armavir are to be renovated.
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