Wednesday, October 16 2019 16:19
Naira Badalian

Armenia`s chief tax officer gives advice to importers of cars

Armenia`s chief tax officer gives advice to importers of cars

ArmInfo. David Ananyan, Chairman of the State Revenue Committee (SRC) of Armenia, spoke about the chance that would allow auto importers who did not have time to clear customs vehicles imported from abroad at old rates until the end of 2019.  To recall, from January 1, 2020, Armenia will begin to clear  customs vehicles at EAEU rates. As a result, customs costs will be  revised for car importers, including legal entities.

As explained by the head of SRC, people who are sure that the goods  will arrive within a month are entitled to submit a preliminary  declaration. For example, the importer submits a preliminary  declaration to the car on December 25, and indicates the customs  point where customs clearance will be carried out. Then already, if  the cargo arrives within a month - January 25, then it can be  executed according to the laws in force on December 25, 2019. This  tool does not apply to the accompanying cargo of individuals.  The  head of the SRC recalled that due to the fact that upon joining the  EAEU, Armenia received a transition period for customs duties,  including for cars (from 2015 to 2020, the customs duty on cars in  Armenia remained at 10%, regardless of the age and volume of the  motor - Ed.note). In 2018, a boom in car imports was recorded. As of  October 14, 114 thousand cars were imported into the country, which  is 60-63 thousand more than the same period in 2018. As a result, 27  billion drams more duties were paid to the state budget - in the  amount of 51 billion drams.

It was noted earlier by the State Customs Committee that if for  passenger cars imported in 2019 until December 31, inclusive, the  Passenger Customs Declaration is registered, and not the Transit  Declaration, then customs clearance will be carried out at the  current rates. However, if the car is imported, for example, on  December 28, and the Passenger Customs Declaration is registered  starting January 1, 2020, then the calculations will be carried out  in the new order.

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10 billion

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200 million

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