“Appoint me head of department for a week and I’ll exactly give numbers. Mr. Mirumyan, you wrote a number, am I a child that you mislead me and ignore my word? By the indices we again will be back from neighboring Georgia. For instance, I can eliminate VAT on the border for 3 years, which I did in 1996.”
Penalties for delaying taxes, defined by the tax legislation, are being considerably reduced: it comprised 0.15% upon the existent law, currently it’s defined 0.75%. The Government considers if the taxpayer was disciplined and didn’t manage to pay out of certain reasons, he should be able to continue his activity, and not close the business and leave.
The draft Tax Code to be voted at NA extraordinary session finally may be found on NA official website. SME Cooperation Association revealed some details.
The revision of gas and electricity tariff policy will be discussed under the supervision of Prime Minister Karen Karapetyan after the Government’s session. After the session the PM asked the Chairman of the Public Services Regulatory Commission Robert Nazaryan how much time is needed for presenting proposals on the revision of the policy.
“Monopolies should be treated in the following way: country’s being small will lead to the point that there won’t be any big actor, it’s another question—does it originate in fair, competitive conditions or in an administrative way? There will be equal conditions. If any of them is successive business, we’re not going to seize that in any way.”
“Does Armenia’s economy has a formula to be reproduced without fight against shadow? No. Should we attempt to do that? Yes. Will we succeed? We’ll see. Are we determined? Yes.”
“I have always been interested in honey production and promotion of the honey types produced in different areas in the market. After reaching a final idea to do this, we started to examine the honey market in Armenia and the further perspectives of the production development. The process took us around one and a half years. At first it was a little difficult, the beekeepers were suspicious towards us, the sellers didn’t want to cooperate, the customers didn’t believe that our product was ecologically pure”- tells George Tabakian.
It should be noted, that only one company in Armenia produces tablets and mobile phones—Technology and Science Dynamics.
According to data issued by RA National Statistical Service in 2015 average monthly nominal salary in Armenia comprised AMD 171.615. From which: average salary in public sector comprised AMD 160.5222, and in private sector—AMD 184.416.
To express more figuratively, Armenia’s PM’s office is like a person driving a ramshackle car. One drives well, the other—a bit bad. One is a literate driver, and the other—a skillful one. They pass 1-2 kilometers, stop, open the motor hood, add oil, fix the tube and continue the road…But the car remains the same.
