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ANNOYING NEWS FOR ARMENIAN ENTREPRENEURS
Lragir.am
Business - 20 April 2015, 20:16
By EDGAR BALAYAN
It is increasingly clear that whether or not Armenia is a member of
the EEU is not essential to trade with Russia.
Although earlier it was announced during meetings with taxpayers,
including the meetings organized by the Ministry of Finance that
import of goods from the EEU member states is exempt from customs
control and the only document control will be administered at the
border crossing point within 2-3 hours maximum, information on the
opposite is coming from some taxpayers.
The point is that some taxpayers who have imported goods from Russia
were visited by the tax police and customs service who referred
to some instruction warranting them look at the received cargo and
documents. In addition, we have learned that the latter have not shown
any documents defined by the RA Law on Checking or Studies. However,
the foregoing is just a small issue occurring upon imports from the
EEU. It is not even an issue but an undesirable and incomprehensible
phenomenon for the taxpayers.
The purchasing price of goods imported from the EEU is another issue.
According to the EEU regulations, the price of goods purchased
in one of the EEU member states does not include the VAT. After
transportation to the EEU buyer country they are declared in that
country (in this case in Armenia), the VAT is charged, and the document
issued by the tax service is submitted to the seller country within
180 days. Afterwards, the seller company will be exempted from the
VAT or VAT is set off or get a refund.
Considering this entire process, a lot of Russian organizations sell
the same products to Armenian partners including VAT, informing that
they do not "fancy" waiting for 180 days to complete the paperwork.
Hence, in the result of paperwork the VAT is included in the price of
goods bought from Russia by Armenian businessmen whereas earlier goods
bought from Russia were exempt from the VAT and once again the VAT is
calculated as a liability against the whole amount (price including
the VAT).
Here is an "economic union".
http://www.lragir.am/index/eng/0/economy/view/33960
Lragir.am
Business - 20 April 2015, 20:16
By EDGAR BALAYAN
It is increasingly clear that whether or not Armenia is a member of
the EEU is not essential to trade with Russia.
Although earlier it was announced during meetings with taxpayers,
including the meetings organized by the Ministry of Finance that
import of goods from the EEU member states is exempt from customs
control and the only document control will be administered at the
border crossing point within 2-3 hours maximum, information on the
opposite is coming from some taxpayers.
The point is that some taxpayers who have imported goods from Russia
were visited by the tax police and customs service who referred
to some instruction warranting them look at the received cargo and
documents. In addition, we have learned that the latter have not shown
any documents defined by the RA Law on Checking or Studies. However,
the foregoing is just a small issue occurring upon imports from the
EEU. It is not even an issue but an undesirable and incomprehensible
phenomenon for the taxpayers.
The purchasing price of goods imported from the EEU is another issue.
According to the EEU regulations, the price of goods purchased
in one of the EEU member states does not include the VAT. After
transportation to the EEU buyer country they are declared in that
country (in this case in Armenia), the VAT is charged, and the document
issued by the tax service is submitted to the seller country within
180 days. Afterwards, the seller company will be exempted from the
VAT or VAT is set off or get a refund.
Considering this entire process, a lot of Russian organizations sell
the same products to Armenian partners including VAT, informing that
they do not "fancy" waiting for 180 days to complete the paperwork.
Hence, in the result of paperwork the VAT is included in the price of
goods bought from Russia by Armenian businessmen whereas earlier goods
bought from Russia were exempt from the VAT and once again the VAT is
calculated as a liability against the whole amount (price including
the VAT).
Here is an "economic union".
http://www.lragir.am/index/eng/0/economy/view/33960