NON-CASH TURNOVER WILL GO UP AS A RESULT OF IMPLEMENTING THE VIRTUAL CASH REGISTER To directly boost e-commerce and to raise the number of non-cash transactions, the SRC has undertaken a process of introducing virtual cash registers. For that purpose, a discussion meeting on e-commerce and virtual cash register was held with businesses on committee’s initiative. During the meeting, Deputy Chairman of SRC Mikayel...

Everything you need  to know for an individual - an importer of a car who plans to import  a vehicle from a country that is not a member of the EAEU. The State  Revenue Committee, as promised, not only tells, but also shows. Recall, when joining the EAEU, Armenia received a transition period  for customs duties, including for cars. From 2015 to 2020, the  customs duty on cars in Armenia remained at the level of...

The Government of Armenia will return the debit balance of VAT of 56 billion drams to business entities. The corresponding decision was made at a cabinet  meeting on September 12. Earlier, on September 7, Armenian Prime Minister Nikol Pashinyan  announced that an unprecedented economic proposal was being discussed  in the government. "Thousands of organizations have VAT debit  balances that were formed before July...

The regular meeting  of the working group on the development of risk management systems  under the Joint Collegium of Customs Services of the EAEU Member  States was held in Yerevan, the press service of the State Revenue  Committee (SRC) of Armenia reports. The meeting was attended by delegates from Armenia, the Russian  Federation, Belarus, Kazakhstan and Kyrgyzstan. As Ashot Muradyan,  Head of IT Department of...

Inflation in Armenia remains at a low, manageable level, and most importantly, with low volatility.  Prime Minister of Armenia Nikol Pashinyan expressed this opinion on his Facebook page. Thus, according to Pashinyan, in January-July the average inflation  amounted to 1.9%, and the 12-month rate reached 1.7%. "This has been  ensured by a consistent increase in confidence in the national  currency recently,...