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SPEAKER GALUST SAHAKYAN CALLS AN URGENT MEETING ON TURNOVER TAX LAW
YEREVAN, October 1. /ARKA/. An urgent meeting will be held today
13:30 local time at speaker's office, on the status of the turnover
tax law that raised discontent among small and medium-sized businesses
in Armenia.
The meeting was initiated by 'not ruling' factions of the National
Assembly.
Yesterday the special parliament sitting on this matter failed due
to no quorum present.
The bill envisages reduction of turnover tax rates from 3.5% to 1%
for economic entities engaged in trade as from October 1. A simplified
documentation procedure is to become binding for small and medium-sized
enterprises under the law. Small and medium businesses are currently
holding protests against the obligatory documentation procedure
outside the parliament and government buildings.
Another parliament sitting failed due to lack of quorum the day
before. The sitting was to discuss bills about enforcement of court
orders and about administrative offences. -0--
http://arka.am/en/news/politics/speaker_galust_sahakyan_calls_an_urgent_meeting_on _turnover_tax_law_/#sthash.Wc68Z21f.dpuf
YEREVAN, October 1. /ARKA/. An urgent meeting will be held today
13:30 local time at speaker's office, on the status of the turnover
tax law that raised discontent among small and medium-sized businesses
in Armenia.
The meeting was initiated by 'not ruling' factions of the National
Assembly.
Yesterday the special parliament sitting on this matter failed due
to no quorum present.
The bill envisages reduction of turnover tax rates from 3.5% to 1%
for economic entities engaged in trade as from October 1. A simplified
documentation procedure is to become binding for small and medium-sized
enterprises under the law. Small and medium businesses are currently
holding protests against the obligatory documentation procedure
outside the parliament and government buildings.
Another parliament sitting failed due to lack of quorum the day
before. The sitting was to discuss bills about enforcement of court
orders and about administrative offences. -0--
http://arka.am/en/news/politics/speaker_galust_sahakyan_calls_an_urgent_meeting_on _turnover_tax_law_/#sthash.Wc68Z21f.dpuf