Tuesday, October 24 2017 11:20
Alexandr Avanesov

The Armenian parliament refused to include in the agenda the issue of postponing the  VAT payments for SMEs having annual income of 40 million drams

The Armenian parliament refused to include in the agenda the issue of postponing the  VAT payments for SMEs having annual income of 40 million drams

ArmInfo. The National Assembly of Armenia refused to include in the big agenda the legislative initiative of the "Tsarukyan" faction, which envisages the introduction of amendments to the Tax Code.

According to Deputy Speaker of the Parliament Mikael Melkumyan, the initiative of the faction is aimed at granting a deferment from VAT payments, at least for 5 years for small and medium-sized businesses.

According to the Tax Code adopted in October 2016, starting from 2019, a business with an annual turnover of not more than 115 million drams, and 40 million drams a year, is subject to VAT payments.  According to Melkumian, small business can not deal with the new requirements of document circulation, As noted by the representative of the Tsarukyan block, two years ago, these 115 million were introduced as a privilege (an increase from 58.35 million), so that small and medium-sized businesses (about 60,000) can easily book and show their current turnover. But these 2 years have shown that this in general did not happen. The truth is that trade is declining all over the country, but for small businesses this is not a consolation. "Therefore, we need to give them time at least 4 to 5 years," the law maker  concluded.

POST A COMMENT
Input digits     


News


Exchange rates
26.02.2020
RUB7.28-0.03
USD478.390.06
EUR520.923.46
GBP619.28-2.12
CAD359.61-0.20
JPY43.370.04
CNY68.220.11
CHF491.063.37



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000