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Economic news

Armenia, most likely, will move to a flat scale of income taxation from January 1, 2020

21.02.2019

Armenia, most likely, will move to a single, flat, scale of taxation of incomes from  January 1, 2020, instead of the previously announced September 1, 2019th. It is about reducing the profits tax to 23% regardless of the amount of income. Deputy Finance Minister of Armenia Arman Poghosyan told ArmInfo  correspondent that if everything goes according to plan and the draft  amendments will be approved at the...

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EU-Armenia trade turnover grows by 19%: GSP+ system contributes to facilitation of export

20.02.2019

Armenia’s trade turnover with the member states of the European Union has recorded a major growth in 2018, comprising 1 billion 830 million 74 thousand USD, moreover, the export grew by nearly 8%. The GSP+ privileged trade regime and the new electronic system for certification of origin of goods greatly contributed to the boosting of the commercial relations and the facilitation of the export process. Artur Maysuryan, head of the...

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It is important to introduce a foreseeable and fair tax system for taxpayers in Armenia

15.02.2019

As part of cooperation with international organizations, on February 14, Mikael Pashayan, Deputy Chairman of the State Revenue Committee (SRC), held  a working meeting with representatives of the European Bank for  Reconstruction and Development (EBRD). According to the press office of the SRC, during the meeting Mikael  Pashayan presented the Committee's mission, the Committee's  achievements in information...

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In the next five years, the Armenian government will pay special attention to the issue of reducing the volume of cash transactions

13.02.2019

In the next five  years, the Armenian government will pay special attention to the  issue of reducing the volume of cash transactions. On February 12,  speaking at the parliament of the country, Prime Minister Nikol  Pashinyan said. According to him, research shows that the "shadow", as a rule, falls  on cash transactions. In non-cash circulation, the shadow sphere is  either absent or minimized. Nevertheless, as...

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05.02.2019

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05.02.2019

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Armenian government approved a program of measures to mitigate tariff rates for water supply and wastewater disposal

01.02.2019

The tariff rate for water supply and sewage disposal will be subsidized by the state budget of Armenia. At the January 31 meeting, the RA government approved a program of measures to mitigate the tariff rates set by the regulator for a single operator - the "Veolia Jur".company  As noted in the certificate - the rationale of the draft decision,  out of 162, 7 drams (including VAT) for each cubic meter of water,  the...

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