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ARMENIAN PARLIAMENT DISCUSSES THE OPPORTUNITY OF VAT EXEMPTION OF IMPORTED AGRICULTURAL MACHINES
/ARKA/
JUNE 22
YEREVAN
YEREVAN, June 22. /ARKA/. On Wednesday the Armenian Parliament adopted
the amendments in the Laws "On VAT" and "On the list of goods imported
by zero rate of customs duties and non-taxable excise tax without VAT".
It proposes to exempt the imported agricultural machines and
fertilizers from VAT.
Armenian Agricultural Minister Sergo Karapetyan said that the
amendments will allow to increase the accessibility level of imported
resources used in agriculture, including mechanization of production
process.
Particularly, the amendments propose to exempt the imported
agricultural machines, spare parts, fertilizers, pesticides, seeds,
especially wheat and barley.
The proposed changes will also allow to create pre-conditions for the
increase of productivity of the sphere, provision of accessibility
of resources in the local market and increase of their use which will
bring to the increase of mechanization level and productivity of the
sphere", said Karapetyan.
In future this list can be expanded but today the mentioned directions
are the priorities.
From: A. Papazian
/ARKA/
JUNE 22
YEREVAN
YEREVAN, June 22. /ARKA/. On Wednesday the Armenian Parliament adopted
the amendments in the Laws "On VAT" and "On the list of goods imported
by zero rate of customs duties and non-taxable excise tax without VAT".
It proposes to exempt the imported agricultural machines and
fertilizers from VAT.
Armenian Agricultural Minister Sergo Karapetyan said that the
amendments will allow to increase the accessibility level of imported
resources used in agriculture, including mechanization of production
process.
Particularly, the amendments propose to exempt the imported
agricultural machines, spare parts, fertilizers, pesticides, seeds,
especially wheat and barley.
The proposed changes will also allow to create pre-conditions for the
increase of productivity of the sphere, provision of accessibility
of resources in the local market and increase of their use which will
bring to the increase of mechanization level and productivity of the
sphere", said Karapetyan.
In future this list can be expanded but today the mentioned directions
are the priorities.
From: A. Papazian