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ARMENIAN LAWMAKERS OFFER TRADERS CONCESSIONS
Vestnik Kavkaza, Russia
Feb 4 2015
4 February 2015 - 4:49pm
The Armenian parliament has postponed implementation of a compulsory
inventory count in the law on turnover tax today. 75 MPs voted for
the project, 1 against, 40 abstained. Prosperous Armenia, Heritage
and Orinats Yerkir abstained, Dashnaktsutyun and the ruling Republican
Party voted for it.
A thousand small and medium-scale businessmen held a protest against
the law in late January, resulting in the second postponement of
its implementation (the first postponement until February 1, 2015,
was provoked by protests in September 2014).
Naira Zograbyan of the Prosperous Armenia Party declared the
postponement of the law's implementation today. Traders say they cannot
make counts of all their inventories because large distributors often
sell goods without facture invoices. Moreover, such counts would
make the turnover exceed the minimum limit of 58.3 million drams,
forcing traders to pay VAT.
From: Baghdasarian
Vestnik Kavkaza, Russia
Feb 4 2015
4 February 2015 - 4:49pm
The Armenian parliament has postponed implementation of a compulsory
inventory count in the law on turnover tax today. 75 MPs voted for
the project, 1 against, 40 abstained. Prosperous Armenia, Heritage
and Orinats Yerkir abstained, Dashnaktsutyun and the ruling Republican
Party voted for it.
A thousand small and medium-scale businessmen held a protest against
the law in late January, resulting in the second postponement of
its implementation (the first postponement until February 1, 2015,
was provoked by protests in September 2014).
Naira Zograbyan of the Prosperous Armenia Party declared the
postponement of the law's implementation today. Traders say they cannot
make counts of all their inventories because large distributors often
sell goods without facture invoices. Moreover, such counts would
make the turnover exceed the minimum limit of 58.3 million drams,
forcing traders to pay VAT.
From: Baghdasarian