Tuesday, August 14 2018 18:43
Alina Hovhannisyan

Expert: Armenia`s micro business should be exempted from taxes

Expert: Armenia`s micro business should be exempted from taxes

ArmInfo. The micro-business  of Armenia needs to be exempted from taxes. This opinion was  expressed in an interview with ArmInfo by the economist, the head of  the research center "Alternative" Tatul Manaseryan.

He stressed that after the adoption of the Tax Code, additional  changes were made to the document, based on the interests of the  small business of Armenia. "This should be objectively accepted," the  economist noted. However, in this vein T. Manaseryan pointed out the  problems associated with the micro business.  "It is necessary to  convince the government and to free the microbusiness from taxes,  undoubtedly, keeping under constant control their activities. The  scanty amount of taxes coming in today from the microbusiness is  completely incomparable with the effect that GDP can receive with  full exemption of the subjects of this sphere from taxes. And then,  it will be possible to talk about the change in the share of SMEs in  the GDP structure - from 28-29% to 40%, "he explained.

In this context, the expert stressed the importance of constant  monitoring of the micro business. "When a micro enterprise grows into  a small business, then I think it is necessary to establish tax  incentives, and with the increase in volumes and the transition to  the medium-sized business category, it is already introduced into the  general tax field." In addition to being flexible and competent  policy, applying an individual approach, The issue of training this  specialization is acute, "he concluded.