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EXPERT: ARMENIAN ENTREPRENEURS SHOULD HAVE RIGHT TO CHOOSE TAX-PAYMENT SCHEME CONVENIENT TO THEM
YEREVAN, February 2. /ARKA/. Armenian entrepreneurs should have a right
to choose a tax-payment scheme convenient to them, Vazgen Safaryan,
chairman of the Union of Domestic Commodity Producers of Armenia,
said Saturday at a news conference.
On October 1, 23014, amendments to the turnover tax law took force. In
accordance with the amended law, economic entities now have their
tax rates downed to 1% from 3.5%.
The amended law also stipulates the necessity of particular paperwork
along with facilitated procedure for monitoring compliance with
this requirement.
Small and medium entrepreneurs were initially unhappy about this
paperwork requirement and they staged protests outside the government
and parliament buildings demanding to give them an opportunity to
choose between paying taxes at a higher rate, as before, but without
preferences or paying lower taxes and enjoying these preferences but
with mandatory paperwork.
Safaryan thinks that the government should give a choice to
entrepreneurs and to support small and medium businesses, since 60,000
to 70,000 people in the country are employed here.
he said.
Safaryan said that the union has many times sent letters to
the government asking it to lower tax rate for small and medium
entrepreneurs, but without imposing obligatory paperwork on them.
he added. --0-----
http://arka.am/en/news/economy/expert_armenian_entrepreneurs_should_have_right_to _choose_tax_payment_scheme_convenient_to_them/#sthash.pCKrqFC9.dpuf
YEREVAN, February 2. /ARKA/. Armenian entrepreneurs should have a right
to choose a tax-payment scheme convenient to them, Vazgen Safaryan,
chairman of the Union of Domestic Commodity Producers of Armenia,
said Saturday at a news conference.
On October 1, 23014, amendments to the turnover tax law took force. In
accordance with the amended law, economic entities now have their
tax rates downed to 1% from 3.5%.
The amended law also stipulates the necessity of particular paperwork
along with facilitated procedure for monitoring compliance with
this requirement.
Small and medium entrepreneurs were initially unhappy about this
paperwork requirement and they staged protests outside the government
and parliament buildings demanding to give them an opportunity to
choose between paying taxes at a higher rate, as before, but without
preferences or paying lower taxes and enjoying these preferences but
with mandatory paperwork.
Safaryan thinks that the government should give a choice to
entrepreneurs and to support small and medium businesses, since 60,000
to 70,000 people in the country are employed here.
he said.
Safaryan said that the union has many times sent letters to
the government asking it to lower tax rate for small and medium
entrepreneurs, but without imposing obligatory paperwork on them.
he added. --0-----
http://arka.am/en/news/economy/expert_armenian_entrepreneurs_should_have_right_to _choose_tax_payment_scheme_convenient_to_them/#sthash.pCKrqFC9.dpuf