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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
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