Vat, Income Tax Exemption For Small & Medium Businesses In Armenia

VAT, INCOME TAX EXEMPTION FOR SMALL & MEDIUM BUSINESSES IN ARMENIA

November 22, 2012 – 19:22 AMT

PanARMENIAN.Net – Armenian government adopted a number of amendments
to tax legislation to promote improvements in the country’s tax and
customs administration.

According to Finance Minister Vache Gabrielyan, the amendments envisage
VAT and income tax exemption for small & medium businesses in Armenia.

The amendments will also stipulate for a number of restrictions and
fines, as well as additions to a list of excisable goods.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2012/11/23/vat-income-tax-exemption-for-small-medium-businesses-in-armenia/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS