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ARMENIA'S ABRAHAMYAN: UNIFIED TAX CODE "IMPETUS" FOR INCREASED INVESTMENT
CisTran Finance
June 19 2014
June 19, 2014 6:30 AM
By Lisa Barron
Hovik Abrahamyan
Armenian Prime Minister Hovik Abrahamyan attended an international
conference on the development of a unified tax code for Armenia
earlier this week.
The event was co-hosted by the Ministry of Finance and the U.S. Agency
for International Development Tax Reform Program, which is designed
to reduce the tax burden in Armenia and boost its competitiveness.
"Some three weeks ago the National Assembly approved the program of
the new government, which seeks to continuously improve our country's
business and investment climate, including the tax environment,"
Abrahamyan said. "In this regard, the development and enforcement
of the tax code in line with the best international practices will
be a strong impetus for further improvement of Armenia's business
environment and increased investment attractiveness."
Abrahamyan said he was hopeful the tax code will improve Armenia's
image as a reliable partner among its foreign partners and promote
export-oriented, knowledge-based and non-raw material industries. He
also said the new tax code should help to combat the black market.
"We look forward to having a stronger tax base, increased revenue,
especially through more accurate and stricter taxation of major
businesses that will enable the government to implement more ambitious,
comprehensive and consistent programs in the social, healthcare,
environmental, urban development and other areas," Abrahamyan said.
The conference was attended by government officials, foreign
ambassadors accredited in Armenia, representatives from international
organizations, members of the business community and civil society,
as well as tax experts.
http://cistranfinance.com/news/armenias-abrahamyan-unified-tax-code-impetus-for-increased-investment/3551/
From: A. Papazian
CisTran Finance
June 19 2014
June 19, 2014 6:30 AM
By Lisa Barron
Hovik Abrahamyan
Armenian Prime Minister Hovik Abrahamyan attended an international
conference on the development of a unified tax code for Armenia
earlier this week.
The event was co-hosted by the Ministry of Finance and the U.S. Agency
for International Development Tax Reform Program, which is designed
to reduce the tax burden in Armenia and boost its competitiveness.
"Some three weeks ago the National Assembly approved the program of
the new government, which seeks to continuously improve our country's
business and investment climate, including the tax environment,"
Abrahamyan said. "In this regard, the development and enforcement
of the tax code in line with the best international practices will
be a strong impetus for further improvement of Armenia's business
environment and increased investment attractiveness."
Abrahamyan said he was hopeful the tax code will improve Armenia's
image as a reliable partner among its foreign partners and promote
export-oriented, knowledge-based and non-raw material industries. He
also said the new tax code should help to combat the black market.
"We look forward to having a stronger tax base, increased revenue,
especially through more accurate and stricter taxation of major
businesses that will enable the government to implement more ambitious,
comprehensive and consistent programs in the social, healthcare,
environmental, urban development and other areas," Abrahamyan said.
The conference was attended by government officials, foreign
ambassadors accredited in Armenia, representatives from international
organizations, members of the business community and civil society,
as well as tax experts.
http://cistranfinance.com/news/armenias-abrahamyan-unified-tax-code-impetus-for-increased-investment/3551/
From: A. Papazian