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GOVERNMENT OF ARMENIA TO LIQUIDATE NON-OPERATING COMPANIES INDEPENDENTLY
/ARKA/
May 11, 2011
YEREVAN
YEREVAN, May 11. /ARKA/. On Wednesday, Government of Armenia
adopted the draft law "On the provision of privileges for tax and
mandatory payments of social insurance by organizations and private
entrepreneurs" and "On liquidation of organizations who did not submit
tax reports as of January 1, 2008 and removing private entrepreneurs
from state registration".
Armenian Finance Minister Vache Gabrielyan said that after the adoption
of these draft laws, the real number of entrepreneurs registered in
tax bodies of Armenia will be clarified, as well as the implemented
administrative costs will be reduced.
"The draft law envisages implementation of procedure of gradual
redemption of accumulated tax obligations by the approved schedule",
said Gabrielyan.
In recent years, many companies have accumulated tax and social
payment arrears - about 210 billion drams which will be gradually
paid in the defined terms.
"According to the changes, the taxpayers who have tax and social
payment arrears accumulated till January 1, 2010, can apply to regional
tax department by August 20, 2011 for the approval of the redemption
schedule", he said.
Redemption terms for tax obligations up to 50 million drams are
envisaged from September 1, 2011 to June 30, 2012 will monthly payments
not less than 1/10 of all the debt amount.
Redemption terms for taxpayers over 50 million drams are envisaged
from September 1, 2011 to August 31, 2013 with monthly payment of
not less than 1/22 of all the debt amount.
Today, there are about 145 thousand taxpayers registered in
Armenia who don't submit tax reports at all and will be liquidated
automatically. ($1 - 372.46 drams).
From: A. Papazian
/ARKA/
May 11, 2011
YEREVAN
YEREVAN, May 11. /ARKA/. On Wednesday, Government of Armenia
adopted the draft law "On the provision of privileges for tax and
mandatory payments of social insurance by organizations and private
entrepreneurs" and "On liquidation of organizations who did not submit
tax reports as of January 1, 2008 and removing private entrepreneurs
from state registration".
Armenian Finance Minister Vache Gabrielyan said that after the adoption
of these draft laws, the real number of entrepreneurs registered in
tax bodies of Armenia will be clarified, as well as the implemented
administrative costs will be reduced.
"The draft law envisages implementation of procedure of gradual
redemption of accumulated tax obligations by the approved schedule",
said Gabrielyan.
In recent years, many companies have accumulated tax and social
payment arrears - about 210 billion drams which will be gradually
paid in the defined terms.
"According to the changes, the taxpayers who have tax and social
payment arrears accumulated till January 1, 2010, can apply to regional
tax department by August 20, 2011 for the approval of the redemption
schedule", he said.
Redemption terms for tax obligations up to 50 million drams are
envisaged from September 1, 2011 to June 30, 2012 will monthly payments
not less than 1/10 of all the debt amount.
Redemption terms for taxpayers over 50 million drams are envisaged
from September 1, 2011 to August 31, 2013 with monthly payment of
not less than 1/22 of all the debt amount.
Today, there are about 145 thousand taxpayers registered in
Armenia who don't submit tax reports at all and will be liquidated
automatically. ($1 - 372.46 drams).
From: A. Papazian