SRC of Armenia reports that process of providing cash registers of a  new generation at a price of 60 thousand drams is proceeding smoothly

ArmInfo.The State Revenue Committee (SRC) of Armenia reports that the process of providing cash registers of a new generation at a price of 60 thousand drams  proceeds smoothly and without delays.

Earlier in the media it was reported that, despite the order of the  head of the SRC, business entities face a lot of problems as when  receiving new cash registers. Some are denied, ostensibly, due to the  lack of a cash registers in the SNCO for the implementation of these  devices, while others - in recalculation referring to the lack of  funds in the state treasury.

As reported by the press service of the tax and customs department,  as of February 13, 1,500 business entities that had previously  received cash registers at a price of 160 thousand drams received  recalculations.  The State Revenue Committee of Armenia approved  another thousand applications for the purchase of new cash registers.

In order to avoid misunderstandings, the SRC once again reminds that  individual entrepreneurs (PIs), organizations and notaries have the  right to receive cash registers, for which the use of new devices has  become a legislative imperative since January 1, 2019, family  entrepreneurs and self-employed persons considered as such from the  beginning of this year, as well as the individual entrepreneurs, who  during the current year will receive a certificate of exemption from  taxes within the framework of the law "On tax privileges for  self-employed persons".

In addition, it is noted that new cash registers at a reduced price  will also be able to be purchased by organizations that will be  considered as payers of the turnover tax, individual entrepreneurs  and notaries as of January 1, 2019, as well as those who are solely  payers of the license tax.

Earlier, ArmInfo, referring to the SRC, reported that the Government  will subsidize the difference between the cost of new cash registers,  equal to 158 thousand drams and its selling price of 60 thousand  drams, sending about $ 5 million for these purposes.