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TURNOVER TAX RATES SHOULD BE DOWNED ALSO FOR SMALL INDUSTRIAL ENTERPRISES IN ARMENIA - EXPERT
YEREVAN, October 3. /ARKA/. Turnover tax rates should be downed
not only for trade, but also small industrial enterprises, Tatul
Manaseryan, head of Alternative Research Center, said Friday at a
news conference.
"If at the initial stage of their activity small industrial companies
enjoy preferences and support, they will be able to develop into
medium and even large organizations," he said.
The amendments to the turnover tax law took force on October 1, 2014.
They imply turnover tax decrease from present 3.5% to 1%, but
along with that, they demand certain paperwork from small and medium
entrepreneurs though introducing a facilitated scrutiny over compliance
with this demand.
The obligatory paperwork demand has prompted discontent among small and
medium entrepreneurs, who are staging protests outside the government
and parliament buildings.
Speaking about these protests, Manaseryan said that certain political
forces in Armenia are deliberately whipping up tension, and the
government is making insufficient efforts to enhance public awareness
about advantages of the amendments.
"Introduction of the obligatory paperwork is aimed at lessening shadow
in Armenia's economy," he said. ---0---
http://arka.am/en/news/business/turnover_tax_rates_should_be_downed_also_for_small _industrial_enterprises_in_armenia_expert/#sthash.mpBKVrGH.dpuf
YEREVAN, October 3. /ARKA/. Turnover tax rates should be downed
not only for trade, but also small industrial enterprises, Tatul
Manaseryan, head of Alternative Research Center, said Friday at a
news conference.
"If at the initial stage of their activity small industrial companies
enjoy preferences and support, they will be able to develop into
medium and even large organizations," he said.
The amendments to the turnover tax law took force on October 1, 2014.
They imply turnover tax decrease from present 3.5% to 1%, but
along with that, they demand certain paperwork from small and medium
entrepreneurs though introducing a facilitated scrutiny over compliance
with this demand.
The obligatory paperwork demand has prompted discontent among small and
medium entrepreneurs, who are staging protests outside the government
and parliament buildings.
Speaking about these protests, Manaseryan said that certain political
forces in Armenia are deliberately whipping up tension, and the
government is making insufficient efforts to enhance public awareness
about advantages of the amendments.
"Introduction of the obligatory paperwork is aimed at lessening shadow
in Armenia's economy," he said. ---0---
http://arka.am/en/news/business/turnover_tax_rates_should_be_downed_also_for_small _industrial_enterprises_in_armenia_expert/#sthash.mpBKVrGH.dpuf