A Cabinet meeting was held on May 16, chaired by Deputy Prime Minister of Armenia Tigran Avinyan, the government told Armenpress. The Executive first approved a set of measures to ensure implementation of Government’s 2019-2023 Action Plan. Deputy Prime Minister Mher Grigoryan noted that the Action Plan is composed of individual programs presented by 22….
The turnover of precious metals in the Republic of Armenia is regulated by the Civil Code of the RA, the Law “On precious metals”, “On licensing”, “On trade and services”, acts of the Government and so on. Civil Code of the RA establishes that the object of a civil law is a property, particularly monetary assets,….
Value-added tax is an indirect tax paid to the state budget for importation, exportation, and turnover of goods on the territory of the Republic of Armenia as well as providing services at all stages. VAT payers are legal entities carrying out entrepreneurial activity, foreign legal entities’ branches which are registered in the Republic of Armenia, public notaries,….
The Government decided to cancel collection of the 20 percent value-added tax for cars imported from Eurasian Economic Union. This question had not been included in the agenda and its discussion was offered by the Prime Minister Hovik Abrahamyan. He stated that it was planned to withdraw 20 percent VAT in 2017, but taking into account….
A significant portion of the pharmaceutical market of the Republic of Armenia is made up from goods imported from foreign countries. Additionally, a considerable amount of medical drugs are taken out of the country. The procedure for the import and export of medicines in the RA, has its own characteristics and certain regulatory requirements. In….
The overall IT market in the Republic of Armenia has recently received a significant development and now it remains one of the most promising directions for the RA economy. The Government of the Republic of Armenia attaches great importance to the development of information technology, as it contributes to the revitalization of businesses and attracts….
In 2011 the Law “On free economic zones” came into force. This legal act provides certain privileges in the conduct of business activities in some areas of the Republic of Armenia. Options for creating such zones are assigned to the Government of the Republic of Armenia, which also approves the order of their functioning. Free….
In connection with the accession of the Republic of Armenia to the Eurasian Economic Union some changes took place in many areas of legislation. Especially changes in customs legislation, the regulation of which is not only based on the domestic legislation of the Republic of Armenia, but also on the regulatory framework of the EAEU,….
What legislative changes took place after January 2, 2015, when the Republic of Armenia became the member of the Eurasian Economic Union? Generally changes to conditions for the Republic of Armenia with regards to the absence of customs clearance for the business entities from the EAEU countries. There is no need to pay VAT, an excise tax at the customs border…..