Tuesday, September 12 2017 10:52
Alexandr Avanesov

A new tax laws  package is designed to promote economic  activity in Armenia, opposition of a different opinion

A new tax laws  package is designed to promote economic  activity in Armenia, opposition of a different opinion

ArmInfo. National Assembly At a meeting on September 12, at the first reading, Armenia made half-changes to the laws "On VAT" and "On taxes".  Vahtang Mirumyan, deputy chairman of the State Revenue Committee, noted in his speech that the package we have been waiting for from the business community for a long time.

It provides for the formation of working capital among business entities, which can be used to expand production and stimulate economic activity in the country. The reporter noted that if this package is adopted, the opportunity to return the value-added tax will be received not only by the exporters of goods from Armenia, but also by persons who deal with VAT accrued on the tax accounts of their suppliers and whose economic activities are not related to exports. When the package enters into force after July 1, 2017, business entities within six months will have the opportunity to apply to the tax authorities for VAT refunds, which they will receive in due course, used for export of products.

However, the initiative of the government did not arouse the enthusiasm of the parliamentary opposition.  So, the MP from the Elk faction ("Exit") Mane Tandilyan noted that the prepayment amount in the form of VAT is a kind of bargaining chip. "We have a practice of demands from tax inspectors who constantly call economic entities and require an advance payment. In other words, in fact, we have a law under which we will refund the prepayment, but tax inspectors will constantly call economic entities, and this practice does not Thus, the working capital, which after the application of this law supposedly should remain with the economic entity, in practice will not remain, "she noted. According to the deputy, tax inspectors often continue their activities in the style: "Well, we have come, we must write some act." "Until this practice is eradicated, such initiatives will remain a simple statement of the provisions of the law on beautiful paper," the parliamentarian said.

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