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ARMENIA REVENUE CONFIRMS SUPPORT FOR FOREIGN INVESTMENT
Tax-news.com
March 11 2013
By Tatiana Smolenskaya, Tax-News.com, Moscow
11 March 2013
The head of Armenia's State Revenue Committee has reaffirmed his
support for business investment in the country, in the face of
media reports claiming he was "hindering" the French hypermarket
group Carrefour from entering Armenia. A press release from the SRC
complains of media "disinformation," and that clarifications sent by
the SRC to the news outlets concerned have not been published.
Armenia's Prime Minister Tigran Sargsyan expressed support for
Carrefour's entry into Armenia last month, and SRC Chairman Gagik
Khachatryan confirmed shortly afterwards that there were no tax or
customs obstacles. However, Carrefour had been scheduled to enter
the country in autumn 2012, and reports have suggested that the delay
is because local oligarchs have been pressurizing the Government in
order to protect their own retail interests.
Khachatryan told the press last month that if it was the case that
someone in the customs service had been creating obstacles, he would
be willing to discuss the claim in public, but he explained that any
problems faced by Carrefour were unrelated to tax or customs.
Armenia's largest supermarket chain is currently Alex Grig, which
is officially owned by the wife of a member of parliament with the
ruling Republican Party of Armenia. Khachatryan also announced last
month that 160 tax service experts were in the process of checking
Alex Grig's finances.
http://www.tax-news.com/news/Armenia_Revenue_Confirms_Support_For_Foreign_Inves tment____60066.html
Tax-news.com
March 11 2013
By Tatiana Smolenskaya, Tax-News.com, Moscow
11 March 2013
The head of Armenia's State Revenue Committee has reaffirmed his
support for business investment in the country, in the face of
media reports claiming he was "hindering" the French hypermarket
group Carrefour from entering Armenia. A press release from the SRC
complains of media "disinformation," and that clarifications sent by
the SRC to the news outlets concerned have not been published.
Armenia's Prime Minister Tigran Sargsyan expressed support for
Carrefour's entry into Armenia last month, and SRC Chairman Gagik
Khachatryan confirmed shortly afterwards that there were no tax or
customs obstacles. However, Carrefour had been scheduled to enter
the country in autumn 2012, and reports have suggested that the delay
is because local oligarchs have been pressurizing the Government in
order to protect their own retail interests.
Khachatryan told the press last month that if it was the case that
someone in the customs service had been creating obstacles, he would
be willing to discuss the claim in public, but he explained that any
problems faced by Carrefour were unrelated to tax or customs.
Armenia's largest supermarket chain is currently Alex Grig, which
is officially owned by the wife of a member of parliament with the
ruling Republican Party of Armenia. Khachatryan also announced last
month that 160 tax service experts were in the process of checking
Alex Grig's finances.
http://www.tax-news.com/news/Armenia_Revenue_Confirms_Support_For_Foreign_Inves tment____60066.html