SRC: 1.073 bln AMD paid to exporters on accelerated VAT refund procedure

ArmInfo. Since April 13, 2017, 138 cases have been registered among 89 exporters for VAT refunds in an accelerated manner, Arman Poghosyan, head of the Department of Methodology of Administration, Procedures and Services of the State Revenue Committee under the Government of Armenia, said at a press conference on October 13. He noted that the total amount of payments was 1.073 billion AMD.

A. Poghosyan explained that, in an accelerated manner (within 4 days instead of the previously effective 90 working days), no applications and up to 20 million AMD are processed without examinations and inspections. In this regard, the representative of the SRC recalled that the decision to simplify the procedure and reduce the time for the return of VAT to exporters was made on March 30 at a meeting of the government of Armenia.