Tweet
ARMENIAN PARLIAMENT BILL CALLS FOR CREATION OF EQUAL TAXATION CONDITIONS FOR CONCESSIONAIRES
/ARKA/
May 11, 2011
YEREVAN
YEREVAN, May 11, /ARKA/. The Armenian parliament has passed today in
the first reading a set of changes to the Law on Profits and to the
Law on VAT which call for creation of equal taxation conditions for
concessionaires (operators) of concessional contracts in Armenia.
Presenting the proposed changes finance minister Vache Gabrielian
said they are designed to govern taxation issues of concessionaires
which he said are expected to stimulate fresh investments.
He said the current legislation does not address such issue as
effective operation of facilities handed to concessional management
and raising their cost and the changes refer to these shortcomings.
According to him, the proposed changes will allow to resolve the
issue of levying VAT on concesisonal agreements, particularly, in
management of water resources and attract fresh investments into the
system's modernization.
/ARKA/
May 11, 2011
YEREVAN
YEREVAN, May 11, /ARKA/. The Armenian parliament has passed today in
the first reading a set of changes to the Law on Profits and to the
Law on VAT which call for creation of equal taxation conditions for
concessionaires (operators) of concessional contracts in Armenia.
Presenting the proposed changes finance minister Vache Gabrielian
said they are designed to govern taxation issues of concessionaires
which he said are expected to stimulate fresh investments.
He said the current legislation does not address such issue as
effective operation of facilities handed to concessional management
and raising their cost and the changes refer to these shortcomings.
According to him, the proposed changes will allow to resolve the
issue of levying VAT on concesisonal agreements, particularly, in
management of water resources and attract fresh investments into the
system's modernization.