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POSTPONED: PARLIAMENT VOTES TO DELAY CONTROVERSIAL SALES TAX LAW PROVISION
NEWS | 04.02.15 | 13:49
http://armenianow.com/news/60335/armenia_sales_tax_law_postponed
The Armenian Parliament on Tuesday voted 75 to 1, with 40 abstentions
to postpone until July 1 the enforcement of a controversial sales
tax law that caused protests among traders.
For several days last week mostly small business owners staged protests
in front of the government building in Yerevan demanding that the
law that envisages a reduction of the sales tax for them from 3.5 to
1 percent but also implies a crippling amount of paperwork be scrapped.
After the January 30 protest, Prime Minister Hovik Abrahamyan
announced that the enforcement of the key provision of the law that
stipulates stricter rules for small business owners in documenting
their transactions with larger companies would be postponed and
additional mechanisms to ensure that businesses are not affected by
the law would be worked out.
The ruling Republican Party of Armenia, which controls a majority of
seats in the legislature, and the opposition Armenian Revolutionary
Federation said before the vote that their factions would support
the decision to delay the application of the law. The other factions,
including the Prosperous Armenia Party, the Armenian National Congress,
Heritage and Orinats Yerkir, said they would abstain.
NEWS | 04.02.15 | 13:49
http://armenianow.com/news/60335/armenia_sales_tax_law_postponed
The Armenian Parliament on Tuesday voted 75 to 1, with 40 abstentions
to postpone until July 1 the enforcement of a controversial sales
tax law that caused protests among traders.
For several days last week mostly small business owners staged protests
in front of the government building in Yerevan demanding that the
law that envisages a reduction of the sales tax for them from 3.5 to
1 percent but also implies a crippling amount of paperwork be scrapped.
After the January 30 protest, Prime Minister Hovik Abrahamyan
announced that the enforcement of the key provision of the law that
stipulates stricter rules for small business owners in documenting
their transactions with larger companies would be postponed and
additional mechanisms to ensure that businesses are not affected by
the law would be worked out.
The ruling Republican Party of Armenia, which controls a majority of
seats in the legislature, and the opposition Armenian Revolutionary
Federation said before the vote that their factions would support
the decision to delay the application of the law. The other factions,
including the Prosperous Armenia Party, the Armenian National Congress,
Heritage and Orinats Yerkir, said they would abstain.