Company, affiliated with RPA faction head, is granted tax benefits 

ArmInfo. On June 21, the Armenian government approved the application of Vaba LLC to postpone the payment of VAT for 3 years for imported goods in the period from June  19, 2018 to June 19, 2019. The company, according to the official website of the register of legal entities of Armenia, was founded in November 2002 by Vahram Baghdasaryan (current head of the Republican Party of Armenia faction).

As Minister of Economic Development and Investments of Armenia  Artsvik Minasyan stated, presenting the government's decision, for  the first time production of such important for agriculture anti-hail  nets will be organized on the territory of the republic. According to  him, "Vaba" LLC plans to invest 2.25 billion drams in production of  anti-hail nets, of which 102.9 million drams are intended to be used  to purchase equipment. As a result of the investment program, 24 jobs  will be opened with an average salary of 320 thousand drams for the  period from 2018-2020.  "Vaba" will produce anti-hail nets together  with the Italian company "Carmacgroup" in Armenian Vanadzor.

Meanwhile, before the approval of the decision, Prime Minister Nikol  Pashinyan asked the Minister whether there is any subjectivism in  this decision, and how much this step will help reduce the prices of  anti-hail grids in the local market, and increase their affordability  to farms.  In response, the Њinister noted that the program is  evaluated based on the following indicators: multiplier effect on the  economy, increase in employment, higher productivity and innovation,  export orientation, average salary under the program, as well as  compliance with the standards provided for by the law on small and  medium business. At the same time, according to Minasyan, the  ministry carries out constant monitoring for compliance with the  established criteria. In case of violations of earlier obligations,  as explained by the head of the Ministry of Economic Development, the  ministry issues a warning and the State Revenue Committee enters the  "game".

The Armenian Prosecutor General Artur Davtyan, in his turn, stated  that the prosecutor's office has already started inspections in this  field to reveal violations of state interests in the conditions of  granting tax privileges. According to preliminary data of the  Prosecutor General's Office, there were a considerable number of  companies that used tax benefits, which were declared bankrupt before  the expiration of the benefits. "That is, the abuse has been revealed  and investigation continues", Davtyan said.