In Armenia, a number of catering facilities can replenish the list of  micro-business enterprises

ArmInfo. In Armenia, a number of catering facilities can replenish the list of  micro-business enterprises. The Parliamentary Commission on Economic  Affairs of the National Assembly of the country at the meeting on  November 27 in the second and final reading approved the amendments  to the Tax Code proposed by the Enlightened Armenia faction, which  are now considered at a planar meeting of the parliament.

 According to the deputy of the National Assembly from the Enlightened Armenia  faction Mane Tandilyan, on January 1, 2020, a preferential tax system  for micro-businesses with an annual turnover of up to 24 million  drams will be applied in Armenia. As the deputy noted, these  enterprises will be completely exempt from paying taxes. However, the  current code contains restrictions on catering establishments. In  this regard, it is proposed to include public catering facilities in  Yerevan and micro-business outlets in shopping centers outside the  Armenian capital. In addition, it is also proposed to exempt from the  payment of taxes the organization of catering in the regions of the  country. The bill will enter into force the day after publication.

Recall that from January 1, 2020, a new form of taxation for  micro-business enterprises will begin to be applied in Armenia. Today  the following alternative taxation systems are in place:  self-employed (certain types of activities with an annual turnover of  up to 9 million drams are exempted from taxes, excluding import  duties), family business entities (family members with a turnover of  up to 18 million drams, pay only import taxes), tax payers from  turnover (with a turnover of up to 115 million drams) and patent tax  (those carrying out certain types of activities pay a fixed tax,  without limiting turnover. "According to the Ministry of Finance, as  a result of the availability of alternatives With the help of  taxation systems, difficulties, misunderstandings and corruption  risks are created, business becomes more vulnerable in relations with  tax authorities.As a result, the financial authorities of Armenia  suggest that the system of taxation of small businesses be simplified  significantly from January 1, 2020. In particular, instead of two  alternative taxation systems - self-employed and family business, the  government intends to introduce one micro-enterprise taxation system.  This system can be used by legal entities and individual  entrepreneurs (IP), as well as individuals who are not IP, if their  annual turnover does not exceed 24 million drams. At the same time,  the document of the Ministry of Finance noted that micro-business  entities will not be considered as organizations and entrepreneurs  operating in shopping centers, places of trade and fairs in the  administrative borders of Yerevan or outside the capital. In the  course of their activities, they can hire individuals as employees,  and the income tax on them will be paid in the amount of 5 thousand  drams.