Armenian Government to allocate tax tax benefits to the company owned by the deputy`s son

ArmInfo. Damala Group LLC will receive a 3-year grace period for the payment of value added tax charged by the tax and customs authorities for imported technological equipment during the period from December 22, 2017 to March 31, 2018. The corresponding draft decision is included in the agenda of the meeting of the Armenian government on December 28. As part of the investment program, the company intends to do business in the catering sector.

As stated in the certificate of support to the document, the planned investments will amount to about 602.2 million drams, of which 23.9 million AMD will be used to purchase equipment. Within the investment program, 80 jobs will be created, with an average salary of 190 thousand drams for 2018-2020.