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Greenhouse company awarded VAT payment deferment
YEREVAN, July 24. / ARKA /. An Armenian company called Greenhouse,
specializing in the production of greenhouse vegetables and flowers,
intends to build new greenhouses in Armavir region of Armenia on the
area of 30 hectares and invest about 8.1 billion drams in buying
equipment that will be imported from France and the Netherlands, the
government said today to explain its decision to grant the company a
VAT payment deferment.
Given that the company's pledged investments exceed 200 million drams
ceiling the VAT payment deferment is three years.
The company expects to produce some 1.72 billion drams worth products
per year from 2015 and export a large part to the CIS and the EU. The
greenhouses will create up to 65-minute new jobs with an average
salary of 125-135 thousand drams.
The deferment was earlier awarded to companies which import more than
300 million drams worth modern equipment or technology to expand their
output and modernize production facilities. On April 17 the government
lowered the ceiling to 200 million drams. ($ 1 - 406.56 drams).
- See more at: http://arka.am/en/news/economy/greenhouse_company_awarded_vat_payment_deferment/#sthash.YLNBdNyS.dpuf
YEREVAN, July 24. / ARKA /. An Armenian company called Greenhouse,
specializing in the production of greenhouse vegetables and flowers,
intends to build new greenhouses in Armavir region of Armenia on the
area of 30 hectares and invest about 8.1 billion drams in buying
equipment that will be imported from France and the Netherlands, the
government said today to explain its decision to grant the company a
VAT payment deferment.
Given that the company's pledged investments exceed 200 million drams
ceiling the VAT payment deferment is three years.
The company expects to produce some 1.72 billion drams worth products
per year from 2015 and export a large part to the CIS and the EU. The
greenhouses will create up to 65-minute new jobs with an average
salary of 125-135 thousand drams.
The deferment was earlier awarded to companies which import more than
300 million drams worth modern equipment or technology to expand their
output and modernize production facilities. On April 17 the government
lowered the ceiling to 200 million drams. ($ 1 - 406.56 drams).
- See more at: http://arka.am/en/news/economy/greenhouse_company_awarded_vat_payment_deferment/#sthash.YLNBdNyS.dpuf