ArmInfo. Armenia wants to categorize penalties for violating cash register usage rules (CRS). The draft law was presented by the Minister of Economy, Gevorg Papoyan, during a meeting of the Parliamentary Standing Committee on Economic Issues.
He said that the draft proposes to maintain the previous penalties for business entities, who, for instance, fail to include the TN VED (Commodity Nomenclature of Foreign Economic Activity) code on cash receipts, provide inaccurate pricing or quantity information, leave out service codes and names, or fail to issue receipts at all. These violations will continue to result in fines of 200,000 drams and 0.5% of the turnover from the previous quarter (not exceeding 10 million drams).
The state also aims to reduce the severity of penalties for entrepreneurs who followed the rules for using the CRS, but mistakenly indicated the wrong classifiers on the receipt. In such cases, the state will issue a warning to the business representatives. However, if the same violation occurs again within the next year, the legal entity is obliged to pay a fine of 50,000 drams. As Papoyan noted, this proposal is aimed at creating a more predictable environment for the SME sector. <We expect that a fairer model of penalties, more understandable for taxpayers will be created,> he said.
