12:26
 Thursday, June 1 2023 12:26
Alina Hovhannisyan

Armenia`s economy minister meets with SME Cooperation Association  reps

Armenia`s economy minister meets with SME Cooperation Association  reps

ArmInfo.Armenia's Minister of Economy Vahan Kerobyan held a meeting with members of the SME  Cooperation Association. 

The meeting discussed problems of microbusinesses meeting taxation  requirements set for them, amendments to Armenia's Tax Code  abolishing simplified mechanisms of registration of businesses paying  the turnover tax. 

The businessmen presented their positions on amendments to the Tax  Code and made proposals. 

Attending the meeting were also NGO members and businessmen. 

SMEs' share in Armenia's GDP is 27%, and the Ministry of Economy  plans to bring this figure up to 50% in the coming five years.