Announcement

Collapse
No announcement yet.

Armenian Government approves bill on excise stamps

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenian Government approves bill on excise stamps

    Armenian Government approves bill on excise stamps

    16:45 - 23.01.14


    The executive approved at its Thursday meeting a bill on issuing
    excise stamps for all packaged products manufactured in Armenia.

    Introducing the measure, Minister of Finance David Sargsyan said it
    proposes making excise labels mandatory for dairy products,
    manufactured meat, fish products, vinegar etc.

    Speaking to reporters after the cabinet meeting, a deputy head of the
    State Revenue Committee, Vakhtang Pirumyan, said he doesn't think the
    proposed legislation is likely to cause a surge on the market.

    `I don't think it will cause social problems; the thing is that the
    labeling of goods has helped reveal an increase in their declared
    volumes. The Government-adopted trend requires a phase-by-phase
    declaration of products. I think it is more important for the
    businesses to accurately declare their realization volumes and to
    fulfill their tax duties correspondingly,' he explained.

    The bill will be submitted to the National Assembly for a further consideration.

    Armenian News - Tert.am

Working...
X