Opinion: Armenian Notary Activity Liable To Too High Taxes

OPINION: ARMENIAN NOTARY ACTIVITY LIABLE TO TOO HIGH TAXES

YEREVAN, June 10. /ARKA/. Armenian notary activity is liable to
too high taxes, Mamikon Aslanyan, the head of the Notary Chamber of
Armenia, said in an interview with ARKA News Agency.

He said that in other countries notary offices pay quite low taxes.

“And here they are very high and are out of proportion to prices for
the provided services,” he said.

In particular, he said, in Russia tax size is equal to 13% less
expenses and in Kazakhstan 10% less expenses, while in Armenia notary
offices ought to transfer 20% of their turnovers to the government
budget, and this makes some offices unable to survive and other
offices have to operate with losses.

Despite that, no changes in prices are expected so far.

“Prices are within the scope of the government, not the notary
chamber,” Aslanyan said in his interview.

More than 90 notary officers work in Armenia now. -0-

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