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New law to help companies pay their back taxes
15:19 - 01.07.11
Armen Alaverdyan, the deputy head of the State Revenue Committee, told
a news conference today that under a new law to be enacted on July 4,
companies owing unpaid taxes to the government would be exempted from
paying fines.
He said their debts will be restructured: the companies owing in taxes
less than 50 million drams (about $134,000) will be allowed to pay
their back taxes over the period of 10 months; those owing more than
that, will get 24 months.
Alaverdyan said the total amount owed to the state as per June 1,
2010, is 200 billion drams (about $54 M), out of which 96 billion
drams comprise the fines.
Tert.am
15:19 - 01.07.11
Armen Alaverdyan, the deputy head of the State Revenue Committee, told
a news conference today that under a new law to be enacted on July 4,
companies owing unpaid taxes to the government would be exempted from
paying fines.
He said their debts will be restructured: the companies owing in taxes
less than 50 million drams (about $134,000) will be allowed to pay
their back taxes over the period of 10 months; those owing more than
that, will get 24 months.
Alaverdyan said the total amount owed to the state as per June 1,
2010, is 200 billion drams (about $54 M), out of which 96 billion
drams comprise the fines.
Tert.am