20 economic entities of Armenia provided with "law-abiding taxpayer" status

ArmInfo. 20 economic entities  of Armenia have been provided with a "law-abiding taxpayer" status,  the press office of the State Revenue Committee of Armenia has told  ArmInfo.   

On February 14, Chairman of the State Revenue Committee Vardan  Harutyunyan awarded certificates to the taxpayers, which meet the  status of "law-abiding taxpayer". "Along with the names of the  organizations operating in the shadow, it is also necessary to inform  the public also of the economic entities, which carry out their  obligations conscientiously," Harutyunyan said, expressing his  gratitude to them.     

26 taxpayers have applied to the State Revenue Committee. 20 of them  paid taxes, fines and other payments in due time. The lack of  violations and debts to the state budget is also a crucial factor.  "By carrying out the Prime Minister's instruction, the State Revenue  Committee worked out the order of provision of the specified status  and the Central Bank took efforts to give the economic entities an  opportunity to use privileges of the banking services," Harutyunyan  stressed.       

Deputy Chairman of the State Revenue Committee Vakhtang Mirumyan said  that according to the official stand of the Central Bank, the banks  will apply softer risk criteria with respect to law-abiding  taxpayers.  "The law-abiding taxpayers should have a relevant  status," he said.    

To recall, on 10 Nov 2016, Armenian Prime Minister Karen Karapetyan  said that the State Revenue Committee of Armenia is going to  introduce the concept of a "law-abiding taxpayer". He added that the  goal of the Committee is to differentiate the taxpayers in order to  facilitate the lending to the law-abiding group so that they can  enjoy loans on privileged terms of the commercial banks of Armenia.  CBA Chairman Arthur Javadyan, in turn, noted that to motivate such  companies, it is possible to create a system of preferences by  introducing certain changes in the banks' regulations.