Monday, September 12 2022 11:45
Alexandr Avanesov

Armenia`s producers to get 1% tax reduction for recalling spoiled  products

Armenia`s producers to get 1% tax reduction for recalling spoiled  products

ArmInfo. Armenia's Parliament is discussing amendments to the Tax Code allowing  producers to return spoiled goods at lower taxes. 

Armenia's Deputy Minister of Finance Arman Poshonyan said that in  recalling spoiled goods to replace them with quality counterparts  producers will be granted a 1% tax reduction. Producers themselves  raised the problem at different meetings. 

Mr Poghosyan said that the amendments will only apply to goods, as  provision of low-quality services is rather difficult to prove.