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SUPPORT FOR ENTREPRENEURS IN INTRODUCTION OF NEW-GENERATION CASH REGISTERS TO COST $910,000 TO ARMENIAN GOVERNMENT
YEREVAN, February 5. /ARKA/. On Thursday, Armenia's government
decided at its regular session to allocate $910,000 to the Center for
Introduction of Cash Registers to compensate the expenses incurred
by provision of new-generation cash registers to economic entities
at preferential prices.
Vakhtang Mirumyan, deputy finance minister, presenting the matter to
the Cabinet members, said that the money will be provided to the center
as a grant, since in 2014 the government decided to support small
and medium businesses in introduction of new-generation cash registers.
"In particular, new-generation cash registers were introduced for free
in border areas, and micro businesses enjoyed preferential prices -
many times lower than cost prices," he said.
Mirumyan said that it was initially calculated that the total amount of
compensations would be AMD 4.5 billion, but later the cost of the cash
registers was reassessed because of the changed foreign exchange rate.
Prime Minister Hovik Abrahamyan said that the new cash registers will
issue checks with the list of all bought goods on them, and this will
allow tax agencies to control economic entities.
The new cash registers were planned to be introduced by small and
medium companies on January 1, 2015 and about 8,000 companies with over
AMD 58 million have already introduced new cash registers and are using
them. In accordance with one of the government's previous decisions,
other SMEs will enjoy preferences in introduction terms and prices.
Later, the introduction was postponed to January 1, 2016. A
128-Megabite nonerasable storage is one of new requirements to cash
registers as well as operational and basic memory, room for placing
memory card, for connecting to information system of tax agencies via
3G and GPRS Internet for making software changes and integrating new
modules and carrying out transactions by using plastic cards.
Technical requirements to cash registers in Armenia were set yet
in 2005, but studies show that the current cash registers leave
room for maneuvering. When tax agencies eased their grip and let
entrepreneurs submit their reports independently, entrepreneurs
started underreporting their earnings. ($1 - AMD 476.51). ---0-----
http://arka.am/en/news/economy/support_for_entrepreneurs_in_introduction_of_new_g eneration_cash_registers_to_cost_910_000_to_armeni/#sthash.YD7MqzCj.dpuf
YEREVAN, February 5. /ARKA/. On Thursday, Armenia's government
decided at its regular session to allocate $910,000 to the Center for
Introduction of Cash Registers to compensate the expenses incurred
by provision of new-generation cash registers to economic entities
at preferential prices.
Vakhtang Mirumyan, deputy finance minister, presenting the matter to
the Cabinet members, said that the money will be provided to the center
as a grant, since in 2014 the government decided to support small
and medium businesses in introduction of new-generation cash registers.
"In particular, new-generation cash registers were introduced for free
in border areas, and micro businesses enjoyed preferential prices -
many times lower than cost prices," he said.
Mirumyan said that it was initially calculated that the total amount of
compensations would be AMD 4.5 billion, but later the cost of the cash
registers was reassessed because of the changed foreign exchange rate.
Prime Minister Hovik Abrahamyan said that the new cash registers will
issue checks with the list of all bought goods on them, and this will
allow tax agencies to control economic entities.
The new cash registers were planned to be introduced by small and
medium companies on January 1, 2015 and about 8,000 companies with over
AMD 58 million have already introduced new cash registers and are using
them. In accordance with one of the government's previous decisions,
other SMEs will enjoy preferences in introduction terms and prices.
Later, the introduction was postponed to January 1, 2016. A
128-Megabite nonerasable storage is one of new requirements to cash
registers as well as operational and basic memory, room for placing
memory card, for connecting to information system of tax agencies via
3G and GPRS Internet for making software changes and integrating new
modules and carrying out transactions by using plastic cards.
Technical requirements to cash registers in Armenia were set yet
in 2005, but studies show that the current cash registers leave
room for maneuvering. When tax agencies eased their grip and let
entrepreneurs submit their reports independently, entrepreneurs
started underreporting their earnings. ($1 - AMD 476.51). ---0-----
http://arka.am/en/news/economy/support_for_entrepreneurs_in_introduction_of_new_g eneration_cash_registers_to_cost_910_000_to_armeni/#sthash.YD7MqzCj.dpuf