Thursday, December 28 2017 14:23
Naira Badalian

Pre-New Year tax preferences for business entities from the government of Armenia

Pre-New Year tax preferences for business entities from the government of Armenia

ArmInfo. The government of Armenia at the last meeting of 2017 granted tax preferences to 6 economic entities, one company received the status of the operator of the "Alliance"

The company "Chateau Arno" received a deferral for the payment of VAT for three years for imported equipment. The company intends to resume work on the reconstruction of the second building of the company in the community of Eintap, Arata region of Armenia, where it will be engaged in the production of cognac and wine. The investment package provides investments for the amount of 76 million drams, create 15 new jobs, with an average monthly salary of 120 thousand drams.

Within the framework of the investment program, Gofrolline LLC received a tax privilege in the form of exemption from payment of customs duties on imported technological equipment, their parts and components, raw materials and materials for 1mln 535 thousand drams. Investments will amount to 600 million drams, create 10 new jobs. The total volume of production will make about 250 million drams a year. The executive branch granted a similar privilege for 147 mln drams to CJSC "Elbat" and LLC "Pak Pen".  "ELBAT" offers a wide range of batteries for various kinds of vehicles - cars, buses, utility and freight cars, as well as heavy agricultural and construction equipment. The total cost of the investment program will be 14.5 billion drams. It is planned to create 78 new jobs with an average salary of 198 thousand drams.

The volume of production will make 1.5 billion drams, of which production worth 1 billion drams will be sold in Armenia. "Pak Pen" plans to invest 1.1 billion drams and create 10-12 jobs. The planned volume of production will make 1.4bln AMD - some will be sold in Armenia, the rest - in the countries of the EAEC.

Damala Group LLC received a 3-year grace period for the payment of value added tax charged by the tax and customs authorities for imported technological equipment from December 22, 2017 to March 31, 2018.  As part of the investment program, the company intends to do business in the catering sector. The planned investments will amount to about 602.2 million drams, of which 23.9 million drams 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.

The Armenian Cabinet of Ministers approved the export program of "Armholding" CJSC and decided to establish a minimum customs value for goods for the period 2018-2021. It is envisaged that in 2018 export will make 51bln AMD, in 2019 54bln AMD, and in 2020 - 57bln and 61bln AMD in 2021. The export will be sent mainly to the countries of the EAGE. Within the program, the number of jobs will be brought up to 520, with an average monthly salary of 300-600 thousand drams (28 companies in the holding).

The Armenian government also approved the application of Date Cube LLC for the right to receive the operator of the free economic zone Alliance. The company intends to create a modern data center (data center). Investments will amount to $ 50 million. In the first year of the Center's work, it is expected to create 10 new jobs with an average salary of 100 thousand drams. At the fifth year of the company's activity, the number of employees will exceed 60 people. The total export volume at the initial stage will be about $ 7.5 million, after 5 years - more than $ 25 million. The export will be sent to the United States, Great Britain, Cyprus, Georgia, Israel, Latvia in future and to the countries of the EAEC.


News
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Ardshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 millionArdshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 million
 Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International
UBA, A. Ananyan: There are no prerequisites for the emergence of  UBA, A. Ananyan: There are no prerequisites for the emergence of  "mortgage bubbles" 
UBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continueUBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continue
UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% 
Fitch confirmed Armenia rating at the level of Fitch confirmed Armenia rating at the level of "B +" with a stable  outlook, waiting in 2021 GDP growth by 3.2%
The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds 
Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020
Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years 
EU to allocate 2 million EUR for the development of social  entrepreneurship in ArmeniaEU to allocate 2 million EUR for the development of social  entrepreneurship in Armenia
The Minister of Economy of Armenia expects the tourist growth in the  current yearThe Minister of Economy of Armenia expects the tourist growth in the  current year
Armenia and Iraq are considering cooperation in the field of  military-industrial complex and high technologyArmenia and Iraq are considering cooperation in the field of  military-industrial complex and high technology
FRV reaches financial close with IFC, EBRD, and Ameriabank for the  largest Utility Scale Solar Power Plant ``Masrik-1`` in ArmeniaFRV reaches financial close with IFC, EBRD, and Ameriabank for the  largest Utility Scale Solar Power Plant ``Masrik-1`` in Armenia
Armenia and the European Union held the third meeting of the  Partnership Committee in Trade Configuration Armenia and the European Union held the third meeting of the  Partnership Committee in Trade Configuration 
Economy Minister is sure that double-digit economic growth will be achieved in 2021Economy Minister is sure that double-digit economic growth will be achieved in 2021
The government simplifies the procedure for the participation of  companies in public procurementThe government simplifies the procedure for the participation of  companies in public procurement
In Armenia, economic activity in January-February 2021 decreased by  6.7% per annumIn Armenia, economic activity in January-February 2021 decreased by  6.7% per annum
In the next 5 years in Armenia there will be a need for at least 20  thousand specialists in the field of high technologiesIn the next 5 years in Armenia there will be a need for at least 20  thousand specialists in the field of high technologies
ARARATBANK honored with STP Quality Award 2020 by Raiffeisen Bank InternationalARARATBANK honored with STP Quality Award 2020 by Raiffeisen Bank International
Ameriabank Named Best Bank in Armenia 2021 by Global FinanceAmeriabank Named Best Bank in Armenia 2021 by Global Finance
VTB Bank (Armenia) expands car loan capabilities together with the  Kia Motors dealershipVTB Bank (Armenia) expands car loan capabilities together with the  Kia Motors dealership
IDream: new program for students by IDBankIDream: new program for students by IDBank
The 21st issue of bonds of The 21st issue of bonds of "National Mortgage Company" RCO CJSC to be listed on the Armenian Stock Exchange 
The first public hearings of the construction project of the  North-South highway southern section were heldThe first public hearings of the construction project of the  North-South highway southern section were held
Prime Minister discussed with the economic unit of the government the  concept of state investment programs evaluation Prime Minister discussed with the economic unit of the government the  concept of state investment programs evaluation 
Another major company on-line development will be launched  in  ArmeniaAnother major company on-line development will be launched  in  Armenia
Deputy Prime Minister of Armenia and Director of ADB Armenian Office  considered prospects for expanding cooperationDeputy Prime Minister of Armenia and Director of ADB Armenian Office  considered prospects for expanding cooperation
Read more


Exchange rates
09.04.2021
RUB6.90-0.07
USD532.78-4.58
EUR633.58-4.00
GBP729.96-8.32
CAD423.04-3.00
JPY48.58-0.46
CNY81.45-0.64
CHF575.17-3.45



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