6000 Accountants May Be Left Jobless

6000 ACCOUNTANTS MAY BE LEFT JOBLESS

16:06 18/01/2013
Story from Lragir.am News:

Accountants are also dissatisfied with tax amendments adopted end of
last year. The VAT will be levied on companies offering accountancy
services. According to the new law on turnover tax, accountants are
not eligible for companies which are levied the turnover tax.

There are both small and medium, and small enterprises in this
business. The first two will somehow survive but small companies which
count about 30-40 are faced with a serious problems. So far, small
companies have been competitive due to the quality of their services.

VAT will harm these enterprises which employ 4-5 people each.

According to the new law, SMEs will not have to employ an accountant.

This means that freelance accountants who work for SMEs for a small
fee will become unemployed. The majority of these accountants is women,
mostly with a low qualification, and will subsequently have difficulty
to get an employment in accounting firms.

The government has described the new law on the turnover tax, stressing
that the SMEs will not have to employ an accountant. In fact, this
law is revolutionary for accountants because they will lose their
jobs. Approximately, they are 6000 freelance accountants.