Monday, November 26 2018 17:12

ArmInfo. In order to protest against the new tax regulations, the restaurants of Armenia will close their doors for one day. The corresponding message was  published on the page of the Restaurant Union of Armenia in the  social network Facebook.

According to the information, during the next meeting of the  initiative group, the members of the Union decided to send another  letter to the Acting Prime Minister of Armenia Nikol Pashinyan.

Representatives of the restaurants made another important decision: 

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all restaurants, as a preliminary warning, will close their doors for  one day in protest against the new tax system. "Our decision is  absolutely devoid of any political nuances, aimed solely at  protecting business interests and signals dangerous developments that  could disrupt the normal course of economic development. It was taken  as a result of the inaction of the following state bodies: RA State  Revenue Committee, RA Ministry of Finance "Our proposals are set out  in detail during the meeting held at the Ministry of Economic  Development and Investments of the Republic of Armenia," the report  said.

When it is planned to hold a protest action, and what proposals the  initiative group voiced during a meeting with the Ministry of  Economic Development and Investments, they were not specified.   According to the previous tax regulations, catering facilities with  an area of the customer service hall of not more than 600 sq. M.  taxed on preferential grounds. The rest are taxed in a general  manner. The tax code of September 2016 lowered the bar to 100 sq.m.  Following the results of studies and conversations with  representatives of the sphere, the government decided to until July  1, 2018, to restore taxation on preferential terms for catering  facilities with an area of up to 600 sq.m. 

However, on July 1, 2018, the field was fully transferred to the  "turnover tax" field. The proposed rate of turnover tax for the  sphere is 10% of the turnover, at the same time allowing the business  entity to withdraw from the obligation 6% of the documented expenses,  but not less than 4% of the turnover.  "Thus, if the company's  revenue for the quarter was 10 million drams, 10% of the amount, that  is, 1 million drams will be its obligation on turnover tax. 

However, if the organization operates with a 25% yield - 7.5 million  is the cost of the company and all costs are documented, then 6% of  these 7.5 million drams - about 450 thousand drams will be deducted  from 1 million drams. In fact, for him the real volumes of his tax  liabilities will be about 5.5% of turnover, " Deputy Minister of  Finance, now the head of the SRC David Ananyan. As Ananyan assured  that, despite the fact that innovation creates more onerous  conditions for the taxpayer, they should not lead to an increase in  prices in the catering system. Already after the new regulations came  into force, Deputy Finance Minister Arman Poghosyan told a  correspondent of ArmInfo that as a result of the transfer of public  catering facilities from the simplified tax regime to the turnover  tax regulation field, consumers should not expect an increase in  prices. "Despite the fact that the economic entities of the sphere  are talking about a possible increase in prices, it seems to me that  - the prices will not be increased. Our research shows that the  sphere functions with high profitability. In this case, in terms of  paying taxes by 2-2.5 % more due to the revenue received, should not  lead to higher prices "