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Armenia's Abrahamyan: Unified Tax Code "Impetus" For Increased Inves

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  • Armenia's Abrahamyan: Unified Tax Code "Impetus" For Increased Inves

    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
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