Certain Issues of Customs Regulation in the Light of Armenia’s Interaction with International Law Subjects

The Republic of Armenia is an important figure in the world economic market. The legislator creates the most favorable conditions both for imports and exports on its territory.

In January 2015. Armenia joined the Eurasian Economic Union.

The following benefits were provided in the international arena:

– Duty-free imports of raw materials from the territory of EAEU member states;

– Elimination of customs procedures and formalities in the movement of goods in

Abolition of customs procedures and formalities for goods movement in the framework of mutual trade between the EEU member states, which leads to reduction of financial and time costs

of participants of economic activity;

– Absence of technical barriers to trade and abolition of non-tariff regulatory measures in EEU;

– Tariff benefits for the import of about 770 types of products (until 2020).

In addition, in 2014 the Armenian Law “On peculiarities of calculation and payment of indirect taxes between the Republic of Armenia and the member states of the Eurasian Economic Union” was adopted. According to its provisions, the exporter submits to the tax authority at the place of his registration only the following documents: tax declaration on export filled in by the exporter; application on import of goods and payment of indirect taxes filled in by the importer and approved by the tax authority at the place of registration of the importer.

What does the value-added tax consist of?

It includes expenses on transportation, loading, unloading, transshipment, insurance and other similar expenses, incurred for transportation of goods to the state border of the Republic of Armenia;

fees and intermediary (brokerage) expenses incurred for moving the goods up to the state border of the Republic of Armenia;

cost of materials, components and other similar items included in the goods.

cost of tools used in the production of goods, and the cost of using other similar items,

The cost of substances used in the manufacture of the goods,

the cost of engineering, design and other similar works;

The cost of containers, packaging and packaging work.

The country benefits from the Generalized System of Preferences (GSP) with countries such as Canada, Japan, Norway, Switzerland and the United States.

Since 2009. European Union has given Armenia GSP+ status.

By now Armenia has signed double taxation treaties with 44 states, which greatly simplifies the turnover of goods. A bilateral free trade regime is in place with Georgia and most CIS countries.