Friday, March 29 2019 17:16

ArmInfo. The government of Armenia removes all sorts of restrictions from the market of imports, sales and maintenance of cash registers of the new generation, which almost  all trade and service tax agents of the country should obtain, Head  of the State Revenue Committee (SRC) of Armenia, David Ananyan, said  on March 29 after the meeting of the government answering the  question of Arminfo.

Thus, according to the government's decision, if previously the  entire process was carried out through the <Cash Registers  Introduction Office> state non-commercial organization (SNCO),  specially established by the previous government, today the executive  branch decided to limit the powers of this structure.

Over the next 6 months, a so-called <transitional period> for SNCO  will be established. In order to meet the applications for the  acquisition of a new generation cash registers by the economic  entities, the structure will continue to implement its functions.  Then its activity will be limited to free import, provision, and  maintenance of the cash registers for the country's border regions.  The SNCO will also maintain the technical control function over  imported registers in terms of assessing their compliance with the  established technical parameters.

Ananyan refrained from forecasting a possible price increase for the  registers: "In any case, market liberalization means that the state  will not interfere in the pricing process in any way. One thing is  clear - an increase in the number of market players will lead to  competitive prices," he said.

According to him, at this stage, 10 companies have already appealed  to the SRC and have concluded non- disclosure agreements with SNCO,  wishing to familiarize themselves with the relevant functional and  program conditions of the department for the follow-up. Thus, as  Ananyan noted by the time SNCO leaves the monopolistic market,  several organizations will be ready that will receive the right to  work in accordance with the established technical requirements.  According to Ananyan, in parallel, the SRC today is reviewing a  number of technical requirements for the cash registers, which will  not be needed due to the introduction of a new generation of devices.

However, according to Ananyan, his department is inclined to  reviewing their goodwill towards business entities, who, by  submitting an application for the acquisition of the  registers, are  not in a hurry to purchase them.

Earlier, ArmInfo reported on the decision of the head of the SRC on   the provision of a new cash registers at a low state-subsidized   price (instead of 160 thousand drams for 60 thousand drams - Ed.  Note) to those entities for whom, by law, such cash registers became  mandatory from January 1 of this year. At the same time, the  possibility of paying this amount in installments for two years was  retained. This opportunity, in fact, could be used by about 25  thousand small and medium-sized business entities. And in order to  preserve an objective and equal approach, the SRC was ready to return  the funds to those entities who had already acquired the cash  registers at a high cost.

However, as the head of the department said, more than 3 thousand  economic entities who ordered cash registers in advance are reluctant  to pick them up. This, as the chief tax officer explained, is  explained by the desire to use old equipment for a longer time, which  allows them to <remain in the tax shadow>. "I advise them not to  delay with this. Let them not use our loyalty and kindness, because  if necessary we will be able to apply tough administrative measures  to them," the country's chief tax officer stressed.