Thursday, November 23 2023 13:56
Alina Hovhannisyan

Car importers holding protest against tax amendments 

Car importers holding protest against tax amendments 

ArmInfo.Armenian car importers are holding a protest in front of the government building.  The latter are dissatisfied with the adopted amendments to the Tax Code, which oblige them to pay tax on 20% of net income from the sale of a car. Whereas over the past, at least 10 years, none of the  importers have had a similar level of income, and such changes force  the latter to raise prices for selling cars. 

"This is a burden for both business entities and clients," said a  representative of the logistics company American Global Group.

He noted that everyone should be equal before the law, and for some  reason these changes do not apply to official distributors and  dealers.

Those gathered at the government building, according to him, demand  either not to apply a biased approach to market participants, or to  give businesses at least six months before passing the law, since  contracts have already been concluded with clients at a previously  agreed price. The importers also reported that they had sent a  collective letter to President Vahagn Khachaturyan asking him not to  sign the bill so that the innovations would at least not be applied  to vehicles that are already on their way to Armenia.

Passenger cars were imported mainly from the USA (37.3%), Japan  (18.4%), Mexico (17.5%), Germany (5.6%), China (4.5%), Canada (3.  7%), as well as from India, Italy, Turkey, Slovakia, Hungary, Sweden,  Russia, Austria, Indonesia, Finland, Spain, Thailand, Romania,  France, South Africa, Belgium.